Nomura Asset Management Co. Ltd. Increases Stock Position in Carnival Corporation $CCL

Nomura Asset Management Co. Ltd. boosted its position in Carnival Corporation (NYSE:CCL) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 349,679 shares of the company’s stock after purchasing an additional 20,211 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Carnival were worth $9,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCL. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of Carnival during the second quarter worth about $28,000. N.E.W. Advisory Services LLC acquired a new stake in Carnival in the first quarter worth $25,000. Whipplewood Advisors LLC grew its position in Carnival by 301.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 1,560 shares of the company’s stock worth $44,000 after purchasing an additional 1,171 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Carnival in the 1st quarter worth approximately $35,000. Finally, Wealthquest Corp bought a new position in shares of Carnival in the first quarter worth $36,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Performance

CCL opened at $25.30 on Friday. The business’s 50-day simple moving average is $28.59 and its 200 day simple moving average is $27.64. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The firm has a market capitalization of $29.54 billion, a PE ratio of 13.18, a PEG ratio of 0.57 and a beta of 2.67.

Carnival (NYSE:CCL) last released its earnings results on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same period in the prior year, the firm posted $1.27 EPS. Carnival’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, sell-side analysts expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CCL shares. Stifel Nicolaus raised their target price on shares of Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. 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. Citigroup boosted their target price on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company assumed coverage on Carnival in a research report on Tuesday. They set an “overweight” rating and a $37.00 price objective for the company. Finally, Argus dropped their target price 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 given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

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.