Kestra Advisory Services LLC Has $1.51 Million Stock Holdings in Carnival Corporation $CCL

Key Points

• Kestra Advisory Services LLC sold 11,070 shares of Carnival Corporation, reducing its holdings by 12.5% to 77,210 shares, valued at approximately $1.5 million.
• Wall Street analysts have expressed positive outlooks for Carnival, with multiple firms raising price targets and the stock receiving a consensus rating of "Moderate Buy" with an average target price of $30.71.
• Carnival's recent earnings report revealed a quarterly EPS of $0.35, exceeding estimates, along with a revenue of $6.33 billion, which marks a 9.5% year-over-year increase.

Kestra Advisory Services LLC cut its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 12.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,210 shares of the company's stock after selling 11,070 shares during the quarter. Kestra Advisory Services LLC's holdings in Carnival were worth $1,508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SouthState Corp increased its position in Carnival by 9.8% in the first quarter. SouthState Corp now owns 5,976 shares of the company's stock worth $117,000 after purchasing an additional 531 shares during the period. KBC Group NV increased its position in Carnival by 0.8% in the first quarter. KBC Group NV now owns 73,391 shares of the company's stock worth $1,433,000 after purchasing an additional 553 shares during the period. Fielder Capital Group LLC increased its position in Carnival by 5.0% in the first quarter. Fielder Capital Group LLC now owns 12,843 shares of the company's stock worth $251,000 after purchasing an additional 615 shares during the period. Commerce Bank increased its position in Carnival by 2.8% in the first quarter. Commerce Bank now owns 23,027 shares of the company's stock worth $450,000 after purchasing an additional 620 shares during the period. Finally, Kentucky Retirement Systems increased its position in Carnival by 0.9% in the first quarter. Kentucky Retirement Systems now owns 70,058 shares of the company's stock worth $1,368,000 after purchasing an additional 638 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director owned 64,406 shares in the company, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.60% of the stock is owned by company insiders.

Carnival Stock Up 0.7%

Shares of NYSE:CCL traded up $0.23 during trading on Thursday, hitting $31.56. 6,610,198 shares of the company's stock traded hands, compared to its average volume of 23,207,428. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.77. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The company has a market cap of $36.84 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 0.71 and a beta of 2.70. The company has a 50-day moving average price of $29.75 and a 200-day moving average price of $24.22.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The business had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter in the previous year, the business posted $0.11 EPS. Carnival's revenue for the quarter was up 9.5% on a year-over-year basis. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, research analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCL. Tigress Financial lifted their price objective on Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Morgan Stanley lifted their price objective on Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 26th. Truist Financial raised their target price on Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Bank of America raised their target price on Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Citigroup raised their target price on Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.71.

Carnival Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.