Tcfg Wealth Management LLC Acquires New Position in Carnival Corporation $CCL

Tcfg Wealth Management LLC acquired a new stake in Carnival Corporation (NYSE:CCL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,687 shares of the company's stock, valued at approximately $272,000.

Several other large investors have also bought and sold shares of the business. Drake & Associates LLC acquired a new position in Carnival in the second quarter valued at approximately $246,000. Belpointe Asset Management LLC bought a new position in shares of Carnival during the second quarter worth $243,000. DAVENPORT & Co LLC boosted its position in shares of Carnival by 7.0% during the second quarter. DAVENPORT & Co LLC now owns 13,937 shares of the company's stock worth $392,000 after purchasing an additional 917 shares in the last quarter. Beacon Financial Advisory LLC bought a new position in shares of Carnival during the second quarter worth $238,000. Finally, Simplicity Wealth LLC boosted its position in shares of Carnival by 153.8% during the second quarter. Simplicity Wealth LLC now owns 28,469 shares of the company's stock worth $801,000 after purchasing an additional 17,252 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCL. Stifel Nicolaus lifted their price target on shares of Carnival from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Melius Research lifted their price target on shares of Carnival from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Citigroup lifted their price target on shares of Carnival from $37.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. Wall Street Zen lowered shares of Carnival from a "buy" rating to a "hold" rating in a report on Saturday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Carnival from $34.00 to $39.00 and gave the stock an "overweight" rating in a report on Monday, September 15th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Carnival currently has an average rating of "Moderate Buy" and an average target price of $32.90.

Carnival Stock Down 1.4%

Shares of CCL stock opened at $28.67 on Wednesday. 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 Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The firm's fifty day moving average price is $30.39 and its two-hundred day moving average price is $25.62. The firm has a market capitalization of $33.48 billion, a P/E ratio of 14.93, a PEG ratio of 0.61 and a beta of 2.68.

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

Insider Activity at Carnival

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

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.

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