Carnival Corporation $CCL Shares Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System raised its holdings in shares of Carnival Corporation (NYSE:CCL) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,009,300 shares of the company’s stock after buying an additional 16,805 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Carnival were worth $28,382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Causeway Capital Management LLC acquired a new position in Carnival during the first quarter worth $518,816,000. Nuveen LLC acquired a new stake in shares of Carnival in the 1st quarter worth $432,718,000. Vanguard Group Inc. raised its holdings in shares of Carnival by 6.0% during the 2nd quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company’s stock worth $3,561,777,000 after acquiring an additional 7,157,739 shares during the period. 59 North Capital Management LP acquired a new position in shares of Carnival during the 1st quarter valued at about $69,303,000. Finally, AGF Management Ltd. grew its holdings in shares of Carnival by 14,603.8% in the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock valued at $56,075,000 after purchasing an additional 2,851,692 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CCL shares. Stifel Nicolaus lifted their price target 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. Mizuho raised their target price on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Citigroup upped their price target on Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Wall Street Zen cut Carnival from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Finally, Argus reduced their price objective on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Carnival has an average rating of “Moderate Buy” and a consensus price target of $33.70.

Carnival Price Performance

Shares of CCL opened at $25.80 on Friday. The firm has a market capitalization of $30.12 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.57 and a beta of 2.67. The firm’s fifty day simple moving average is $27.92 and its 200-day simple moving average is $27.90. Carnival Corporation has a twelve month low of $15.07 and a twelve 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 announced its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The firm had revenue of $8.15 billion during 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior 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. Equities analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal 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.