AustralianSuper Pty Ltd Makes New Investment in Carnival Corporation $CCL

AustralianSuper Pty Ltd purchased a new position in Carnival Corporation (NYSE:CCL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,347,079 shares of the company’s stock, valued at approximately $37,880,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its holdings in Carnival by 5.0% in the second quarter. Teacher Retirement System of Texas now owns 159,379 shares of the company’s stock worth $4,482,000 after acquiring an additional 7,520 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of Carnival in the second quarter valued at approximately $734,000. Envestnet Asset Management Inc. lifted its holdings in shares of Carnival by 29.7% in the second quarter. Envestnet Asset Management Inc. now owns 667,405 shares of the company’s stock valued at $18,767,000 after purchasing an additional 152,840 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Carnival by 10.3% in the second quarter. Nisa Investment Advisors LLC now owns 160,692 shares of the company’s stock valued at $4,519,000 after purchasing an additional 15,033 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in shares of Carnival by 9.6% in the second quarter. Wealthfront Advisers LLC now owns 130,419 shares of the company’s stock valued at $3,667,000 after purchasing an additional 11,447 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Stock Performance

Shares of Carnival stock opened at $29.42 on Tuesday. The business’s fifty day simple moving average is $30.21 and its 200 day simple moving average is $26.63. The firm has a market capitalization of $34.34 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.60 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.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 27.86% and a net margin of 10.07%.Carnival’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $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, analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

Insider Transactions at Carnival

In other Carnival 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 value of $371,875.00. Following the completion of the sale, the director directly owned 64,406 shares of the company’s stock, valued at $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CCL. Truist Financial raised their target price on Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a report on Monday, July 21st. Bank of America raised their target price on Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Argus dropped their target price on Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. Finally, Mizuho raised their target price on Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, September 25th. One equities research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

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.