Resona Asset Management Co. Ltd. Purchases 28,587 Shares of Carnival Corporation $CCL

Resona Asset Management Co. Ltd. raised its position in shares of Carnival Corporation (NYSE:CCL) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,194 shares of the company’s stock after purchasing an additional 28,587 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Carnival were worth $9,772,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CCL. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival during the 1st quarter worth $25,000. Graybill Wealth Management LTD. bought a new position in Carnival in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Carnival during the second quarter worth about $28,000. Banque Transatlantique SA bought a new position in shares of Carnival in the first quarter worth about $33,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Carnival in the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the subject of a number of research analyst reports. Melius Research upped their price objective on shares of Carnival from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carnival in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Carnival from $34.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, September 15th. Stifel Nicolaus raised their price objective on Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, Tigress Financial upped their target price on Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. One 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.00.

Carnival Trading Up 1.4%

NYSE CCL opened at $26.74 on Friday. The firm has a market capitalization of $31.21 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. The business’s 50-day moving average price is $29.58 and its two-hundred day moving average price is $27.24. 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 Corporation has a 12 month low of $15.07 and a 12 month high of $32.80.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.09 billion. During the same period last year, the company earned $1.27 earnings per share. The firm’s 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, analysts expect 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.