State of Wyoming Purchases New Stake in Carnival Corporation $CCL

Key Points

• The State of Wyoming has acquired a new stake in Carnival Corporation (NYSE:CCL), purchasing 8,044 shares for approximately $157,000.
• Carnival recently reported strong quarterly earnings, with an EPS of $0.35, exceeding analysts' expectations and showing a 9.5% increase in revenue year-over-year.
• Market analysts have a consensus rating of "Moderate Buy" for Carnival, with a target price averaging around $30.71, as multiple firms adjust their price targets upward.

State of Wyoming bought a new stake in Carnival Corporation (NYSE:CCL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,044 shares of the company's stock, valued at approximately $157,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCL. Schonfeld Strategic Advisors LLC bought a new position in Carnival in the fourth quarter valued at about $733,000. Aptus Capital Advisors LLC bought a new position in Carnival in the fourth quarter valued at about $257,000. Ameriprise Financial Inc. grew its position in Carnival by 2.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,093,705 shares of the company's stock valued at $52,175,000 after acquiring an additional 46,129 shares during the last quarter. Baird Financial Group Inc. grew its position in Carnival by 70.6% in the fourth quarter. Baird Financial Group Inc. now owns 49,821 shares of the company's stock valued at $1,242,000 after acquiring an additional 20,620 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Carnival by 53.9% in the fourth quarter. Captrust Financial Advisors now owns 65,032 shares of the company's stock valued at $1,621,000 after acquiring an additional 22,774 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Insider Activity at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value 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. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.60% of the stock is currently owned by corporate insiders.

Carnival Price Performance

Carnival stock opened at $31.54 on Friday. The stock's 50 day moving average is $29.94 and its 200 day moving average is $24.29. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The firm has a market cap of $36.82 billion, a P/E ratio of 17.05, a P/E/G ratio of 0.71 and a beta of 2.70. Carnival Corporation has a one year low of $15.07 and a one year high of $32.77.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The company had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 earnings per share. 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 expect that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Hsbc Global Res upgraded Carnival from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Stifel Nicolaus boosted their price target on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Tigress Financial boosted their price target on Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Macquarie reduced their price target on Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Mizuho boosted their price target on Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Thirteen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Carnival presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.71.

Carnival 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.

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