10,926 Shares in Carnival Corporation $CCL Bought by Pinnacle Wealth Planning Services Inc.

Key Points

• Pinnacle Wealth Planning Services Inc. invested approximately $213,000 in Carnival Corporation by purchasing 10,926 shares in the first quarter.
• Carnival Corporation reported earnings of $0.35 per share for the recent quarter, exceeding analysts' expectations of $0.24, with a total revenue of $6.33 billion.
• Institutional investors own nearly 67.19% of Carnival's stock, indicating significant interest from the investment community.

Pinnacle Wealth Planning Services Inc. bought a new position in Carnival Corporation (NYSE:CCL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,926 shares of the company's stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in shares of Carnival in the first quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Carnival in the first quarter valued at approximately $26,000. Measured Risk Portfolios Inc. acquired a new position in shares of Carnival in the fourth quarter valued at approximately $29,000. Orion Capital Management LLC acquired a new position in shares of Carnival in the fourth quarter valued at approximately $30,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Carnival in the first quarter valued at approximately $35,000. Institutional investors own 67.19% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CCL. Stifel Nicolaus upped their price objective on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. TD Cowen began coverage on Carnival in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $36.00 price objective for the company. Morgan Stanley upped their price objective on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. Truist Financial increased their target price on shares of Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a research report on Monday, July 21st. Finally, Hsbc Global Res raised shares of Carnival from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.71.

Insider Activity

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction that occurred on 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 directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.60% of the company's stock.

Carnival Trading Up 1.4%

Shares of Carnival stock traded up $0.45 on Thursday, reaching $31.78. 10,753,212 shares of the company's stock were exchanged, compared to its average volume of 23,234,404. The company has a market capitalization of $37.09 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 0.71 and a beta of 2.70. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.77. The firm's 50-day moving average is $29.75 and its two-hundred day moving average is $24.22. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The firm had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The company's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. Sell-side analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

About Carnival

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.