Carnival Corporation $CCL Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its stake in shares of Carnival Corporation (NYSE:CCL) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 601,693 shares of the company’s stock after acquiring an additional 1,182 shares during the quarter. Nordea Investment Management AB owned about 0.05% of Carnival worth $16,583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CCL. GAMMA Investing LLC increased its stake in shares of Carnival by 14.5% during the 1st quarter. GAMMA Investing LLC now owns 23,757 shares of the company’s stock valued at $464,000 after acquiring an additional 3,005 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Carnival by 12.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 151,216 shares of the company’s stock worth $2,953,000 after purchasing an additional 16,391 shares in the last quarter. State of Alaska Department of Revenue increased its position in Carnival by 3.6% during the 1st quarter. State of Alaska Department of Revenue now owns 122,733 shares of the company’s stock worth $2,396,000 after purchasing an additional 4,305 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Carnival during the 1st quarter worth approximately $328,000. Finally, PFG Investments LLC increased its position in Carnival by 13.7% during the 1st quarter. PFG Investments LLC now owns 24,911 shares of the company’s stock worth $487,000 after purchasing an additional 3,005 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Citigroup increased their target price on shares of Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Mizuho increased their target price on shares of Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 25th. Truist Financial increased their target price on shares of Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research report on Monday, July 21st. Morgan Stanley increased their target price on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Finally, Argus dropped their target price on shares of Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Insider Activity 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 transaction of $371,875.00. Following the completion of the transaction, the director directly owned 64,406 shares in the company, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 7.60% of the company’s stock.

Carnival Stock Up 0.3%

NYSE CCL opened at $28.31 on Monday. The stock has a market cap of $33.05 billion, a PE ratio of 14.74, a P/E/G ratio of 0.60 and a beta of 2.68. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.80. The business has a 50 day moving average price of $30.24 and a two-hundred day moving average price of $26.13. 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 results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. The firm had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.Carnival’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 EPS. 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 predict that Carnival Corporation will post 1.77 EPS for the current fiscal 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.