Venturi Wealth Management LLC Acquires Shares of 10,050 Carnival Corporation $CCL

Key Points

• Venturi Wealth Management LLC acquired 10,050 shares of Carnival Corporation valued at approximately $283,000 in the second quarter.
• The company reported $1.43 EPS for the recent quarter, exceeding analysts' expectations, with revenue up 3.3% year-over-year.
• Carnival's current trading price is around $27.71, while several analysts have adjusted their price targets, with the consensus target price now at $32.90.

Venturi Wealth Management LLC acquired a new stake in shares of Carnival Corporation (NYSE:CCL - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,050 shares of the company's stock, valued at approximately $283,000.

Several other institutional investors have also recently made changes to their positions in CCL. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival in the 1st quarter worth about $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Carnival in the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Carnival in the 2nd quarter worth about $28,000. Banque Transatlantique SA bought a new stake in shares of Carnival in the 1st quarter worth about $33,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Carnival in the 1st quarter worth about $35,000. Institutional investors own 67.19% of the company's stock.

Carnival Trading Down 2.6%

NYSE CCL opened at $27.71 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The company has a market capitalization of $32.35 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 0.60 and a beta of 2.68. The company's 50-day simple moving average is $30.31 and its two-hundred day simple moving average is $25.73. Carnival Corporation has a one year low of $15.07 and a one year high of $32.80.

Carnival (NYSE:CCL - Get Free Report) last posted its 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 business had revenue of $8.15 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 EPS. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Equities analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CCL. Loop Capital restated a "hold" rating and issued a $22.00 target price on shares of Carnival in a report on Monday, June 23rd. Truist Financial raised their price target on shares of Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Melius Research raised their price target on shares of Carnival from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Stifel Nicolaus raised their price target on shares of Carnival from $34.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Finally, Susquehanna raised their price target on shares of Carnival from $30.00 to $35.00 and gave the stock a "positive" rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Carnival presently has an average rating of "Moderate Buy" and a consensus target price of $32.90.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the firm's stock in a transaction dated 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 owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.60% of the company's stock.

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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