Carnival Corporation $CCL Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Carnival Corporation (NYSE:CCL) by 7.5% during the second quarter, Holdings Channel reports. The institutional investor owned 257,505 shares of the company’s stock after buying an additional 17,891 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carnival were worth $7,241,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Carnival by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock worth $2,333,947,000 after acquiring an additional 2,410,188 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Carnival by 7.4% during the second quarter. Geode Capital Management LLC now owns 27,617,014 shares of the company’s stock worth $773,398,000 after purchasing an additional 1,906,110 shares in the last quarter. Causeway Capital Management LLC purchased a new position in Carnival in the first quarter valued at $518,816,000. Nuveen LLC acquired a new stake in Carnival in the first quarter valued at $432,718,000. Finally, Invesco Ltd. raised its stake in Carnival by 24.7% in the first quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock valued at $253,211,000 after buying an additional 2,566,148 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

CCL has been the subject of several analyst reports. Barclays upped their price objective on Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 17th. Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. increased their price target on shares of Carnival from $34.00 to $39.00 and gave the company an “overweight” 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, Morgan Stanley boosted their price objective on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.00.

Carnival Price Performance

CCL stock opened at $25.38 on Tuesday. 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 company has a market capitalization of $29.63 billion, a P/E ratio of 13.22, a PEG ratio of 0.57 and a beta of 2.67. The business has a 50 day simple moving average of $28.96 and a 200-day simple moving average of $27.63. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.80.

Carnival (NYSE:CCL) last announced its earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The business had revenue of $8.15 billion for the quarter, compared to analysts’ expectations of $8.09 billion. During the same period in the previous year, the company posted $1.27 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. 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, equities analysts anticipate that Carnival Corporation will post 1.77 EPS for the current 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.