Sagespring Wealth Partners LLC Increases Stock Holdings in Carnival Corporation $CCL

Sagespring Wealth Partners LLC boosted its position in Carnival Corporation (NYSE:CCL) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,355 shares of the company’s stock after purchasing an additional 2,830 shares during the period. Sagespring Wealth Partners LLC’s holdings in Carnival were worth $1,500,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Century Financial Group LLC lifted its position in shares of Carnival by 375.7% during the 2nd quarter. New Century Financial Group LLC now owns 72,140 shares of the company’s stock valued at $2,029,000 after buying an additional 56,976 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Carnival by 31.0% during 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 buying an additional 28,890 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Carnival by 6.2% during the 1st quarter. IFM Investors Pty Ltd now owns 183,954 shares of the company’s stock valued at $3,399,000 after buying an additional 10,739 shares in the last quarter. Mount Lucas Management LP lifted its position in shares of Carnival by 42.5% during the 1st quarter. Mount Lucas Management LP now owns 65,754 shares of the company’s stock valued at $1,284,000 after buying an additional 19,601 shares in the last quarter. Finally, Personal CFO Solutions LLC purchased a new position in shares of Carnival during the 1st quarter valued at about $196,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Stock Up 3.0%

Shares of CCL opened at $28.94 on Wednesday. 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 Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. The business’s 50 day moving average is $30.27 and its 200 day moving average is $25.88. The company has a market capitalization of $33.79 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 0.59 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 (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 business had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the previous year, the company posted $1.27 EPS. The company’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. Research analysts expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Transactions at Carnival

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction that occurred on Tuesday, August 5th. The stock was 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 of the company’s stock, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CCL shares. Tigress Financial lifted their price objective on Carnival from $32.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Stifel Nicolaus lifted 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. Mizuho lifted their target price on Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, September 25th. Argus decreased their target price on Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Finally, Barclays lifted their target price on Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Carnival has an average rating of “Moderate Buy” and a consensus target price of $32.90.

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.