Everpar Advisors LLC Sells 5,000 Shares of Carnival Corporation $CCL

Everpar Advisors LLC lessened its stake in shares of Carnival Corporation (NYSE:CCL) by 40.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,287 shares of the company’s stock after selling 5,000 shares during the period. Everpar Advisors LLC’s holdings in Carnival were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Carnival by 2.1% in the first quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock worth $2,333,947,000 after purchasing an additional 2,410,188 shares in the last quarter. Causeway Capital Management LLC acquired a new position in Carnival in the first quarter worth $518,816,000. Nuveen LLC acquired a new position in Carnival in the first quarter worth $432,718,000. Invesco Ltd. boosted its stake in Carnival by 24.7% in the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock worth $253,211,000 after purchasing an additional 2,566,148 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Carnival by 16.8% in the first quarter. Northern Trust Corp now owns 12,425,707 shares of the company’s stock worth $242,674,000 after purchasing an additional 1,787,015 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Stock Down 0.2%

Shares of Carnival stock opened at $31.19 on Wednesday. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The business has a 50-day moving average of $30.27 and a two-hundred day moving average of $24.66. The company has a market capitalization of $36.41 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 0.70 and a beta of 2.70. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The company had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, equities analysts predict that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Ratings Changes

CCL has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on Carnival from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Truist Financial boosted 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. Barclays upped their price target on Carnival from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Wednesday, June 25th. Susquehanna upped their price target on Carnival from $27.00 to $30.00 and gave the company a “positive” rating in a research note on Wednesday, June 25th. Finally, Zacks Research lowered Carnival from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Fifteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $31.42.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.60% of the stock is owned by corporate insiders.

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.