Carnival Corporation $CCL Holdings Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Carnival Corporation (NYSE:CCL) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,411,890 shares of the company’s stock after acquiring an additional 137,110 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Carnival worth $67,822,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CCL. Causeway Capital Management LLC bought a new position in Carnival in the first quarter worth about $518,816,000. Nuveen LLC bought a new stake in shares of Carnival during the first quarter valued at approximately $432,718,000. 59 North Capital Management LP bought a new stake in shares of Carnival during the first quarter valued at approximately $69,303,000. AGF Management Ltd. raised its holdings in shares of Carnival by 14,603.8% during the first quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock valued at $56,075,000 after buying an additional 2,851,692 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Carnival by 24.7% during 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 during the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Melius Research lifted their price target on Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a report on Monday, September 15th. Truist Financial raised their price objective on shares of Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a research note on Monday, July 21st. Zacks Research upgraded shares of Carnival from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Argus lowered their price objective on shares of Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Finally, UBS Group set a $35.00 price objective on shares of Carnival and gave the company a “buy” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 12,500 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director directly owned 64,406 shares in the company, valued at $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.60% of the stock is currently owned by company insiders.

Carnival Trading Down 0.1%

Shares of NYSE:CCL opened at $29.40 on Monday. The firm has a fifty day moving average of $30.22 and a two-hundred day moving average of $26.56. The firm has a market capitalization of $34.32 billion, a P/E ratio of 15.31, 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 quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10.

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, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $8.09 billion. During the same quarter in the previous year, the business earned $1.27 EPS. Carnival’s quarterly 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. On average, equities analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal 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.