RWA Wealth Partners LLC Invests $6.42 Million in Carnival Corporation $CCL

Key Points

• RWA Wealth Partners LLC has made a new investment in Carnival Corporation, acquiring 328,603 shares valued at approximately $6.4 million in the first quarter.
• A notable insider trade occurred with Director Sir Jonathon Band selling 12,500 shares at an average price of $29.75, reducing his stake by 16.25%.
• Several brokerages have raised their price targets for Carnival Corporation, with Bank of America increasing its target to $38.00 and Stifel Nicolaus to $34.00, both issuing "buy" ratings.

RWA Wealth Partners LLC acquired a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 328,603 shares of the company's stock, valued at approximately $6,418,000.

Other institutional investors have also modified their holdings of the company. Guggenheim Capital LLC raised its position in Carnival by 87.7% in the 4th quarter. Guggenheim Capital LLC now owns 81,389 shares of the company's stock valued at $2,028,000 after purchasing an additional 38,034 shares during the last quarter. Jump Financial LLC raised its position in Carnival by 26.0% in the 4th quarter. Jump Financial LLC now owns 19,595 shares of the company's stock valued at $488,000 after purchasing an additional 4,044 shares during the last quarter. NewEdge Advisors LLC raised its position in Carnival by 12.7% in the 4th quarter. NewEdge Advisors LLC now owns 24,161 shares of the company's stock valued at $602,000 after purchasing an additional 2,724 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Carnival by 50.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 744,257 shares of the company's stock valued at $18,538,000 after purchasing an additional 250,829 shares during the last quarter. Finally, Commerce Bank raised its position in Carnival by 4.3% in the 4th quarter. Commerce Bank now owns 22,407 shares of the company's stock valued at $558,000 after purchasing an additional 922 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Price Performance

NYSE:CCL traded up $2.0180 during trading hours on Friday, hitting $31.2880. The company's stock had a trading volume of 27,173,276 shares, compared to its average volume of 23,643,293. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $31.38. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The business's 50-day moving average is $28.35 and its two-hundred day moving average is $23.89. The company has a market capitalization of $36.53 billion, a PE ratio of 16.91, a PEG ratio of 0.65 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. During the same period in the prior year, the company posted $0.11 EPS. The business'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 anticipate that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were 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 of the company's stock, valued at $1,916,078.50. This represents a 16.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on CCL. Northcoast Research began coverage on shares of Carnival in a research report on Friday, April 25th. They issued a "neutral" rating for the company. Stifel Nicolaus upped their price target on shares of Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. TD Cowen initiated coverage on shares of Carnival in a research report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 price objective for the company. Citigroup raised their target price on shares of Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Barclays boosted their price target on shares of Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.71.

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.