Stratos Wealth Partners LTD. Sells 28,251 Shares of Carnival Corporation $CCL

Key Points

• Stratos Wealth Partners LTD. reduced its stake in Carnival Corporation by 19.0%, selling 28,251 shares during the second quarter, leaving it with a total of 120,782 shares valued at approximately $3.4 million.
• Carnival's quarterly earnings exceeded expectations with $1.43 EPS reported, beating analysts' estimates of $1.32, and posting a revenue of $8.15 billion, higher than the forecast of $8.09 billion.
• Institutional investors own 67.19% of Carnival's stock, with a range of firms recently adjusting their target prices; Barclays increased it to $37.00 while Wall Street analysts hold a consensus "Moderate Buy" rating for the company.

Stratos Wealth Partners LTD. trimmed its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 19.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,782 shares of the company's stock after selling 28,251 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Carnival were worth $3,396,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. REAP Financial Group LLC increased its position in shares of Carnival by 10.5% during the second quarter. REAP Financial Group LLC now owns 3,678 shares of the company's stock worth $103,000 after acquiring an additional 349 shares in the last quarter. Eagle Wealth Strategies LLC increased its holdings in Carnival by 1.4% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company's stock worth $730,000 after purchasing an additional 369 shares in the last quarter. 1834 Investment Advisors Co. raised its stake in shares of Carnival by 1.6% in the 2nd quarter. 1834 Investment Advisors Co. now owns 23,964 shares of the company's stock valued at $674,000 after purchasing an additional 372 shares during the period. Greenleaf Trust lifted its holdings in shares of Carnival by 3.1% in the second quarter. Greenleaf Trust now owns 14,547 shares of the company's stock valued at $409,000 after purchasing an additional 443 shares in the last quarter. Finally, Encompass Wealth Advisors LLC boosted its position in shares of Carnival by 2.9% during the second quarter. Encompass Wealth Advisors LLC now owns 16,545 shares of the company's stock worth $465,000 after buying an additional 466 shares during the period. Institutional investors own 67.19% of the company's stock.

Carnival Price Performance

Shares of CCL opened at $28.31 on Friday. The company has a market cap of $33.05 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 0.60 and a beta of 2.68. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80. The company's fifty day simple moving average is $30.24 and its 200 day simple moving average is $26.06. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.11. The firm had revenue of $8.15 billion during the quarter, compared to analysts' expectations of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 earnings per share. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, research analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of recent research reports. Barclays lifted their target price on Carnival from $33.00 to $37.00 and gave the company an "overweight" rating in a research report on Wednesday, September 17th. Truist Financial lifted their price objective on shares of Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a report on Monday, July 21st. Argus cut their price objective on shares of Carnival from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, September 30th. Tigress Financial increased their target price on shares of Carnival from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Wall Street Zen lowered shares of Carnival from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

Insiders Place Their Bets

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the business's 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.60% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corporation (NYSE:CCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.