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

Representative Jefferson Shreve (R-Indiana) recently sold shares of Carnival Corporation NYSE: CCL. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Carnival stock on May 12th. 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 $0.03 during trading hours on Friday, reaching $29.75. 13,057,685 shares of the stock traded hands, compared to its average volume of 22,977,866. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. Carnival Corporation has a 52-week low of $13.78 and a 52-week high of $31.01. The company's 50-day moving average price is $26.02 and its two-hundred day moving average price is $23.40. The company has a market cap of $34.73 billion, a P/E 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 issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The business had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business's revenue was up 9.5% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. On average, analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of recent analyst reports. Bank of America boosted their target price on shares of Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday. TD Cowen started coverage on Carnival in a research note on Tuesday. They issued a "buy" rating and a $36.00 target price for the company. Truist Financial boosted their target price 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. Loop Capital reissued a "hold" rating and issued a $22.00 price target on shares of Carnival in a research note on Monday, June 23rd. Finally, Northcoast Research initiated coverage on Carnival in a research note on Friday, April 25th. They issued a "neutral" rating for the company. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.35.

Institutional Trading of Carnival

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in shares of Carnival by 5.6% in the fourth quarter. Principal Financial Group Inc. now owns 1,226,210 shares of the company's stock valued at $30,557,000 after acquiring an additional 64,793 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Carnival by 68.9% in the fourth quarter. Sanctuary Advisors LLC now owns 96,133 shares of the company's stock valued at $2,396,000 after buying an additional 39,205 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Carnival by 39.2% in the fourth quarter. Venturi Wealth Management LLC now owns 2,207 shares of the company's stock valued at $55,000 after buying an additional 622 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Carnival by 21.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 60,658 shares of the company's stock valued at $1,512,000 after buying an additional 10,789 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Carnival by 26.6% in the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after buying an additional 18,269 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

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.

Carnival Company 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.