Carnival Corporation $CCL Stock Position Lowered by Korea Investment CORP

Korea Investment CORP trimmed its position in shares of Carnival Corporation (NYSE:CCL) by 17.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 927,723 shares of the company’s stock after selling 190,174 shares during the quarter. Korea Investment CORP’s holdings in Carnival were worth $26,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CCL. Elevation Point Wealth Partners LLC purchased a new stake in Carnival in the 2nd quarter worth about $60,000. Quadrant Capital Group LLC lifted its position in shares of Carnival by 373.4% in the second quarter. Quadrant Capital Group LLC now owns 27,425 shares of the company’s stock worth $771,000 after purchasing an additional 21,632 shares in the last quarter. Vinva Investment Management Ltd boosted its holdings in shares of Carnival by 41.5% during the second quarter. Vinva Investment Management Ltd now owns 906,903 shares of the company’s stock worth $25,010,000 after purchasing an additional 265,842 shares during the period. Employees Retirement System of Texas purchased a new position in Carnival during the second quarter valued at approximately $238,000. Finally, Choreo LLC increased its stake in Carnival by 59.1% in the 2nd quarter. Choreo LLC now owns 39,736 shares of the company’s stock valued at $1,117,000 after buying an additional 14,768 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CCL shares. UBS Group restated a “buy” rating on shares of Carnival in a report on Tuesday. Argus dropped their target price on Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Stifel Nicolaus raised their price objective on shares of Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, Susquehanna increased their price target on shares of Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a research note on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.70.

Carnival Price Performance

NYSE CCL opened at $25.80 on Friday. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.80. The company has a fifty day simple moving average of $27.92 and a 200 day simple moving average of $27.87. 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 cap of $30.12 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.57 and a beta of 2.67.

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

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.