Rep. Jefferson Shreve Purchases Shares of Carnival Corporation (NYSE:CCL)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Carnival Corporation NYSE: CCL. In a filing disclosed on June 22nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Carnival stock on May 8th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Carnival Price Performance

Shares of CCL traded down $0.14 during mid-day trading on Monday, hitting $29.61. 4,851,532 shares of the company traded hands, compared to its average volume of 24,403,191. Carnival Corporation has a one year low of $13.78 and a one year high of $31.01. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The business has a 50-day moving average of $26.02 and a 200 day moving average of $23.39. The stock has a market capitalization of $34.57 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.67 and a beta of 2.61.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 EPS. As a group, equities analysts expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carnival

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCL. Causeway Capital Management LLC acquired a new stake in Carnival in the 1st quarter valued at $518,816,000. Nuveen LLC bought a new position in shares of Carnival in the 1st quarter valued at about $432,718,000. FMR LLC grew its position in shares of Carnival by 186.6% in the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after acquiring an additional 6,444,444 shares during the period. Nuveen Asset Management LLC grew its position in shares of Carnival by 33.7% in the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after acquiring an additional 5,761,489 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Carnival by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Citigroup increased their price target on Carnival from $30.00 to $37.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. HSBC raised Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price target on the stock in a research note on Friday, May 16th. Wall Street Zen raised shares of Carnival from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, TD Cowen initiated coverage on shares of Carnival in a research report on Tuesday, July 22nd. They set a "buy" rating and a $36.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Carnival has a consensus rating of "Moderate Buy" and an average price target of $30.35.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.