RWA Wealth Partners LLC Has $6.51 Million Position in Carnival Corporation $CCL

RWA Wealth Partners LLC decreased its position in shares of Carnival Corporation (NYSE:CCL) by 29.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 231,395 shares of the company’s stock after selling 97,208 shares during the period. RWA Wealth Partners LLC’s holdings in Carnival were worth $6,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Causeway Capital Management LLC acquired a new stake in shares of Carnival in the 1st quarter valued at $518,816,000. Nuveen LLC bought a new stake in shares of Carnival during the 1st quarter worth $432,718,000. 59 North Capital Management LP acquired a new stake in Carnival in the first quarter valued at about $69,303,000. AGF Management Ltd. grew its position in Carnival by 14,603.8% in the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock valued at $56,075,000 after acquiring an additional 2,851,692 shares during the last quarter. Finally, Invesco Ltd. raised its stake in 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 acquiring an additional 2,566,148 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Stock Up 1.4%

Shares of CCL opened at $26.74 on Friday. The stock’s 50-day moving average price is $29.58 and its two-hundred day moving average price is $27.24. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $32.80. The company has a market capitalization of $31.21 billion, a PE ratio of 13.92, a PEG ratio of 0.57 and a beta of 2.67. 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 data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same period last year, the company earned $1.27 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. JPMorgan Chase & Co. boosted their target price 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. Melius Research increased their price target on Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. Finally, UBS Group set a $35.00 target price on Carnival and gave the stock a “buy” rating in a report on Wednesday, October 1st. 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. According to data from MarketBeat.com, Carnival has an average rating of “Moderate Buy” and an average price target of $33.00.

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.