Carnival (NYSE:CCL) Shares Acquired Rep. Jefferson Shreve

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 Stock Performance

Carnival stock traded down $0.03 during trading on Friday, reaching $29.75. The company had a trading volume of 13,057,685 shares, compared to its average volume of 22,977,866. The firm's 50-day simple moving average is $26.02 and its 200 day simple moving average is $23.40. Carnival Corporation has a 52 week low of $13.78 and a 52 week 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 firm has a market capitalization of $34.73 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 0.67 and a beta of 2.61.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the firm posted $0.11 EPS. The company's revenue was up 9.5% on a year-over-year basis. Sell-side analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCL has been the subject of several research reports. Stifel Nicolaus increased their price objective on shares of Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Citigroup upped their target price on shares of Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. HSBC upgraded shares of Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price target for the company in a report on Friday, May 16th. Wall Street Zen raised Carnival from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Truist Financial raised their price objective on Carnival from $27.00 to $31.00 and gave the stock a "hold" rating in a research note on Monday, July 21st. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival currently has an average rating of "Moderate Buy" and a consensus price target of $30.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NorthRock Partners LLC lifted its holdings in Carnival by 14.9% in the 2nd quarter. NorthRock Partners LLC now owns 17,914 shares of the company's stock worth $503,000 after buying an additional 2,327 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Carnival by 45.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 24,353 shares of the company's stock worth $685,000 after acquiring an additional 7,564 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Carnival by 25.2% in the second quarter. Sequoia Financial Advisors LLC now owns 32,541 shares of the company's stock valued at $915,000 after purchasing an additional 6,548 shares during the last quarter. Index Fund Advisors Inc. acquired a new stake in Carnival during the 2nd quarter valued at approximately $207,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Carnival by 20.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 124,368 shares of the company's stock worth $3,497,000 after purchasing an additional 21,060 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

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.