Whelan Financial Makes New Investment in Carnival Corporation $CCL

Key Points

• Whelan Financial has acquired a new stake in Carnival Corporation, purchasing 8,842 shares valued at approximately $249,000 during the second quarter.
• Institutional investors now hold 67.19% of Carnival's stock, with notable increases from firms like GAMMA Investing LLC and Rhumbline Advisers this year.
• Carnival's recent earnings report revealed an EPS of $1.43, exceeding expectations, along with a revenue of $8.15 billion for the quarter.

Whelan Financial purchased a new stake in shares of Carnival Corporation (NYSE:CCL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,842 shares of the company's stock, valued at approximately $249,000.

Several other institutional investors have also recently made changes to their positions in CCL. GAMMA Investing LLC increased its holdings in Carnival by 2,135.8% during the first quarter. GAMMA Investing LLC now owns 463,974 shares of the company's stock valued at $9,061,000 after buying an additional 443,222 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Carnival by 8.7% in the 1st quarter. Rhumbline Advisers now owns 1,912,145 shares of the company's stock worth $37,344,000 after purchasing an additional 152,538 shares in the last quarter. NBC Securities Inc. raised its holdings in Carnival by 127,575.0% in the 1st quarter. NBC Securities Inc. now owns 5,107 shares of the company's stock worth $99,000 after purchasing an additional 5,103 shares during the period. Merit Financial Group LLC lifted its position in Carnival by 109.5% during the first quarter. Merit Financial Group LLC now owns 56,846 shares of the company's stock valued at $1,110,000 after purchasing an additional 29,716 shares in the last quarter. Finally, Gateway Investment Advisers LLC purchased a new position in Carnival during the first quarter valued at $1,977,000. Institutional investors own 67.19% of the company's stock.

Insider Activity

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

Analyst Ratings Changes

CCL has been the topic of several recent research reports. Barclays raised their price objective on Carnival from $33.00 to $37.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 17th. Susquehanna upped their price target on shares of Carnival from $30.00 to $35.00 and gave the stock a "positive" rating in a research report on Tuesday. Citigroup raised their price objective on shares of Carnival from $37.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday. Truist Financial upped their target price on shares of Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a report on Monday, July 21st. Finally, Argus lowered their price objective on Carnival from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $32.90.

Carnival Stock Up 1.7%

Shares of CCL stock opened at $28.84 on Friday. The company's fifty day simple moving average is $30.44 and its two-hundred day simple moving average is $25.42. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The stock has a market cap of $33.67 billion, a P/E ratio of 15.02, a PEG ratio of 0.60 and a beta of 2.68. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL - Get Free Report) last issued its earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. The firm had revenue of $8.15 billion for the quarter, compared to analysts' expectations of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The business's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm 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. Analysts predict that Carnival Corporation will post 1.77 EPS 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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