Apollon Wealth Management LLC Purchases 4,921 Shares of Carnival Corporation $CCL

Apollon Wealth Management LLC increased its position in shares of Carnival Corporation (NYSE:CCL) by 20.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,721 shares of the company’s stock after acquiring an additional 4,921 shares during the period. Apollon Wealth Management LLC’s holdings in Carnival were worth $808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCL. N.E.W. Advisory Services LLC bought a new stake in Carnival during the 1st quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Carnival during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Carnival during the 2nd quarter worth approximately $28,000. Banque Transatlantique SA bought a new stake in Carnival during the 1st quarter worth approximately $33,000. Finally, Zions Bancorporation National Association UT bought a new stake in Carnival during the 1st quarter worth approximately $35,000. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. Argus cut their price target on shares of Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Stifel Nicolaus boosted their price target on shares of Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Carnival in a research note on Wednesday, October 8th. Finally, UBS Group set a $35.00 price target on shares of Carnival and gave the stock a “buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Carnival Price Performance

Shares of Carnival stock opened at $28.86 on Thursday. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The stock has a market capitalization of $33.69 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 0.61 and a beta of 2.68. The company has a fifty day moving average of $30.26 and a 200-day moving average of $25.90. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. During the same quarter in the prior year, the company earned $1.27 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Equities research analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Insider Activity

In other news, Director Sir Jonathon Band sold 12,500 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the sale, the director owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.60% of the company’s stock.

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.