Wealthcare Advisory Partners LLC Sells 12,464 Shares of Carnival Corporation $CCL

Key Points

• Wealthcare Advisory Partners LLC has reduced its stake in Carnival Corporation by 26.2%, selling 12,464 shares, leaving it with 35,099 shares valued at approximately $987,000.
• Carnival's recent quarterly earnings report showed an EPS of $1.43, exceeding estimates, with revenues up 3.3% year-over-year at $8.15 billion.
• Wall Street analysts maintain a Moderate Buy rating on Carnival, with the average target price set at $32.90, amidst recent adjustments in ratings from several brokerages.

Wealthcare Advisory Partners LLC reduced its position in Carnival Corporation (NYSE:CCL - Free Report) by 26.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,099 shares of the company's stock after selling 12,464 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Carnival were worth $987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CCL. NBC Securities Inc. raised its holdings in Carnival by 127,575.0% in the first quarter. NBC Securities Inc. now owns 5,107 shares of the company's stock worth $99,000 after purchasing an additional 5,103 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of Carnival by 18.7% during the first quarter. Wedmont Private Capital now owns 17,490 shares of the company's stock valued at $342,000 after acquiring an additional 2,759 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Carnival by 32.2% during the first quarter. Pallas Capital Advisors LLC now owns 47,989 shares of the company's stock valued at $937,000 after acquiring an additional 11,683 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Carnival by 14.5% during the first quarter. GAMMA Investing LLC now owns 23,757 shares of the company's stock valued at $464,000 after acquiring an additional 3,005 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new position in shares of Carnival during the first quarter valued at about $219,000. 67.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 64,406 shares of the company's stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.60% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCL. Mizuho upped their target price on Carnival from $35.00 to $37.00 and gave the company an "outperform" rating in a research report on Thursday, September 25th. Wall Street Zen lowered Carnival from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. TD Cowen started coverage on Carnival in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $36.00 target price on the stock. Truist Financial upped their price objective on Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a research report on Monday, July 21st. Finally, Citigroup upped their price objective on Carnival from $37.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Carnival has an average rating of "Moderate Buy" and an average price target of $32.90.

Carnival Trading Up 0.7%

Shares of NYSE:CCL opened at $28.92 on Thursday. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The firm has a market capitalization of $33.77 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 0.60 and a beta of 2.68. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The business's 50 day moving average price is $30.36 and its 200-day moving average price is $25.64.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The firm had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same period in the prior year, the company earned $1.27 EPS. The firm'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 research analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

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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