Mutual of America Capital Management LLC Cuts Stock Position in Carnival Corporation $CCL

Mutual of America Capital Management LLC cut its holdings in shares of Carnival Corporation (NYSE:CCL) by 1.3% during the second quarter, Holdings Channel reports. The firm owned 120,390 shares of the company’s stock after selling 1,536 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Carnival were worth $3,385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. REAP Financial Group LLC increased its stake in Carnival by 10.5% during the second quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock worth $103,000 after purchasing an additional 349 shares during the period. Eagle Wealth Strategies LLC increased its stake in Carnival by 1.4% during the second quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company’s stock worth $730,000 after purchasing an additional 369 shares during the period. 1834 Investment Advisors Co. increased its stake in Carnival by 1.6% during the second quarter. 1834 Investment Advisors Co. now owns 23,964 shares of the company’s stock worth $674,000 after purchasing an additional 372 shares during the period. Greenleaf Trust increased its stake in Carnival by 3.1% during the second quarter. Greenleaf Trust now owns 14,547 shares of the company’s stock worth $409,000 after purchasing an additional 443 shares during the period. Finally, Encompass Wealth Advisors LLC increased its stake in shares of Carnival by 2.9% during the second quarter. Encompass Wealth Advisors LLC now owns 16,545 shares of the company’s stock worth $465,000 after buying an additional 466 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CCL. Morgan Stanley upped their target price on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Melius Research upped their target price on shares of Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Tigress Financial upped their target price on shares of Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Truist Financial upped their target price on shares of Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. Finally, Bank of America upped their target price on shares of Carnival from $31.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. One equities research 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. Based on data from MarketBeat.com, Carnival has an average rating of “Moderate Buy” and an average target price of $33.00.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction that occurred 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 approximately $1,916,078.50. This represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.60% of the company’s stock.

Carnival Stock Performance

Shares of CCL opened at $29.46 on Friday. The stock has a 50 day moving average price of $30.23 and a 200 day moving average price of $26.36. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $34.39 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.63 and a beta of 2.68. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80.

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. Research analysts predict 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.