Chevy Chase Trust Holdings LLC Buys 5,064 Shares of Carnival Corporation $CCL

Chevy Chase Trust Holdings LLC grew its stake in shares of Carnival Corporation (NYSE:CCL) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 554,577 shares of the company’s stock after buying an additional 5,064 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Carnival were worth $15,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. REAP Financial Group LLC increased its position in shares of Carnival by 10.5% during the second quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock valued at $103,000 after buying an additional 349 shares during the period. Eagle Wealth Strategies LLC increased its position in shares of Carnival by 1.4% during the second quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company’s stock valued at $730,000 after buying an additional 369 shares during the period. 1834 Investment Advisors Co. grew its holdings in shares of Carnival by 1.6% during the second quarter. 1834 Investment Advisors Co. now owns 23,964 shares of the company’s stock worth $674,000 after purchasing an additional 372 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Carnival by 3.1% during the second quarter. Greenleaf Trust now owns 14,547 shares of the company’s stock worth $409,000 after purchasing an additional 443 shares in the last quarter. Finally, Encompass Wealth Advisors LLC grew its holdings in shares of Carnival by 2.9% during the second quarter. Encompass Wealth Advisors LLC now owns 16,545 shares of the company’s stock worth $465,000 after purchasing an additional 466 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Susquehanna boosted their price objective on Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a report on Tuesday, September 30th. Argus cut their price objective on Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. JPMorgan Chase & Co. boosted their price objective on Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. TD Cowen assumed coverage on Carnival in a report on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carnival has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.60% of the stock is owned by insiders.

Carnival Stock Up 0.3%

Shares of NYSE CCL opened at $28.31 on Friday. Carnival Corporation has a one year low of $15.07 and a one year high of $32.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The firm’s 50 day simple moving average is $30.24 and its two-hundred day simple moving average is $26.06. The stock has a market capitalization of $33.05 billion, a P/E ratio of 14.74, a PEG ratio of 0.60 and a beta of 2.68.

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. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The business had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same period last year, the business earned $1.27 earnings per share. The business’s quarterly 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. As a group, analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.

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.