Arista Wealth Management LLC Invests $211,000 in Carnival Corporation $CCL

Arista Wealth Management LLC acquired a new position in shares of Carnival Corporation (NYSE:CCL) in the 2nd quarter, Holdings Channel reports. The fund acquired 7,500 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also made changes to their positions in CCL. Causeway Capital Management LLC acquired a new stake in shares of Carnival during the first quarter worth $518,816,000. Nuveen LLC purchased a new position in shares of Carnival during the first quarter worth $432,718,000. 59 North Capital Management LP purchased a new position in shares of Carnival during the first quarter worth $69,303,000. AGF Management Ltd. raised its holdings in shares of Carnival by 14,603.8% during the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock worth $56,075,000 after purchasing an additional 2,851,692 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Carnival by 24.7% during 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 during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho raised their target price on shares of Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. UBS Group set a $35.00 target price on shares of Carnival and gave the stock a “buy” rating in a report on Wednesday, October 1st. Morgan Stanley raised their target price on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Argus reduced their target price on shares of Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Finally, Bank of America raised their target price on shares of Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. One equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Carnival Stock Up 0.3%

CCL opened at $28.31 on Friday. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.80. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The company has a fifty day moving average of $30.24 and a two-hundred day moving average of $26.02. The stock has a market capitalization of $33.05 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 0.60 and a beta of 2.68.

Carnival (NYSE:CCL) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share 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 previous year, the company earned $1.27 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts expect that Carnival Corporation will post 1.77 earnings per share for the current year.

Carnival 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.