Index Fund Advisors Inc. Acquires Shares of 7,359 Carnival Corporation $CCL

Index Fund Advisors Inc. acquired a new stake in Carnival Corporation (NYSE:CCL) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 7,359 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently bought and sold shares of CCL. N.E.W. Advisory Services LLC bought a new position in Carnival in the 1st quarter valued at $25,000. Graybill Wealth Management LTD. bought a new position in Carnival in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in Carnival in the 2nd quarter valued at $28,000. Banque Transatlantique SA bought a new position in Carnival in the 1st quarter valued at $33,000. Finally, Zions Bancorporation National Association UT bought a new position in Carnival in the 1st quarter valued at $35,000. 67.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CCL. Stifel Nicolaus increased their price objective on Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Melius Research raised their price target on Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Morgan Stanley raised their price target on Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Citigroup raised their price target on Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Finally, Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.90.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total transaction of $371,875.00. Following the sale, the director owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 7.60% of the company’s stock.

Carnival Stock Performance

Shares of Carnival stock opened at $27.71 on Monday. The company has a market capitalization of $32.35 billion, a PE ratio of 14.43, a PEG ratio of 0.58 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 has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The stock’s fifty day simple moving average is $30.31 and its 200 day simple moving average is $25.80.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Monday, September 29th. The company reported $1.43 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 the consensus estimate of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 EPS. 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 predict that Carnival Corporation will post 1.77 EPS 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.