REAP Financial Group LLC Has $103,000 Stock Position in Carnival Corporation $CCL

REAP Financial Group LLC raised its holdings in Carnival Corporation (NYSE:CCL) by 10.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,678 shares of the company’s stock after acquiring an additional 349 shares during the quarter. REAP Financial Group LLC’s holdings in Carnival were worth $103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Century Financial Group LLC increased its position in Carnival by 375.7% in the 2nd quarter. New Century Financial Group LLC now owns 72,140 shares of the company’s stock valued at $2,029,000 after acquiring an additional 56,976 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Carnival by 31.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 122,160 shares of the company’s stock valued at $2,427,000 after acquiring an additional 28,890 shares during the period. IFM Investors Pty Ltd increased its position in Carnival by 6.2% in the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock valued at $3,399,000 after acquiring an additional 10,739 shares during the period. Mount Lucas Management LP increased its position in Carnival by 42.5% in the 1st quarter. Mount Lucas Management LP now owns 65,754 shares of the company’s stock valued at $1,284,000 after acquiring an additional 19,601 shares during the period. Finally, Personal CFO Solutions LLC acquired a new position in Carnival in the 1st quarter valued at approximately $196,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction 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 of the company’s stock, valued at $1,916,078.50. This 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 can be accessed through the SEC website. 7.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research report on Saturday, September 27th. Barclays upped their price objective on shares of Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, September 17th. Tigress Financial upped their price objective on shares of Carnival from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Argus reduced their price objective on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Finally, UBS Group set a $35.00 price objective on shares of Carnival and gave the company a “buy” rating in a research note on Wednesday, October 1st. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Carnival presently has an average rating of “Moderate Buy” and a consensus price target of $32.90.

Carnival Stock Down 1.4%

Shares of NYSE CCL opened at $28.67 on Wednesday. The firm has a market cap of $33.48 billion, a PE ratio of 14.93, a P/E/G ratio of 0.61 and a beta of 2.68. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. The company’s fifty day simple moving average is $30.39 and its 200 day simple moving average is $25.62. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

Carnival (NYSE:CCL) last issued its earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. The business had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. Carnival’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. 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, sell-side analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

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.