Clear Creek Financial Management LLC Has $1.51 Million Stock Position in Carnival Corporation $CCL

Clear Creek Financial Management LLC grew its position in Carnival Corporation (NYSE:CCL) by 3.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 53,532 shares of the company’s stock after purchasing an additional 1,880 shares during the period. Clear Creek Financial Management LLC’s holdings in Carnival were worth $1,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new position in shares of Carnival in the 1st quarter worth $25,000. Graybill Wealth Management LTD. bought a new position in shares of Carnival in the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Carnival in the 2nd quarter worth $28,000. Banque Transatlantique SA bought a new position in shares of Carnival in the 1st quarter worth $33,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Carnival in the 1st quarter worth $35,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Susquehanna raised their price target on Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a research report on Tuesday, September 30th. Melius Research raised their price target on Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research report on Wednesday. Barclays raised their price target on Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 17th. Finally, Morgan Stanley lifted their target price on Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Carnival currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.90.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director directly owned 64,406 shares in the company, valued at $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.60% of the stock is currently owned by company insiders.

Carnival Stock Performance

CCL stock opened at $28.44 on Friday. The firm has a market cap of $33.20 billion, a PE ratio of 14.81, a P/E/G ratio of 0.61 and a beta of 2.68. The business’s 50-day moving average price is $30.34 and its two-hundred day moving average price is $25.69. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $32.80. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The company had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, research analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

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.