PKO Investment Management Joint Stock Co Reduces Position in Carnival Corporation $CCL

PKO Investment Management Joint Stock Co lessened its holdings in shares of Carnival Corporation (NYSE:CCL) by 15.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 85,000 shares of the company’s stock after selling 15,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Carnival were worth $2,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Carnival by 6.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,411,890 shares of the company’s stock worth $67,822,000 after acquiring an additional 137,110 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Carnival by 29.2% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,720 shares of the company’s stock valued at $76,000 after purchasing an additional 614 shares during the period. 180 Wealth Advisors LLC bought a new stake in shares of Carnival during the 2nd quarter valued at $220,000. Bleakley Financial Group LLC increased its holdings in Carnival by 14.4% in the 2nd quarter. Bleakley Financial Group LLC now owns 19,258 shares of the company’s stock valued at $542,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Ethic Inc. increased its holdings in Carnival by 30.3% in the 2nd quarter. Ethic Inc. now owns 39,393 shares of the company’s stock valued at $1,074,000 after acquiring an additional 9,169 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Stock Performance

NYSE:CCL opened at $29.40 on Friday. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.80. The company has a market cap of $34.32 billion, a P/E ratio of 15.31, a P/E/G ratio of 0.60 and a beta of 2.68. The company’s 50-day moving average price is $30.22 and its 200-day moving average price is $26.44. 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 (NYSE:CCL) last announced its quarterly earnings results on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $8.09 billion. During the same period last year, the business earned $1.27 earnings per share. The business’s revenue for the quarter 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. On average, sell-side analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total value of $371,875.00. Following the completion of the transaction, the director owned 64,406 shares of the company’s stock, valued at approximately $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.60% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCL. Argus reduced their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. Citigroup lifted their price target on shares of Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Stifel Nicolaus boosted their price target on shares of Carnival from $34.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, Mizuho boosted their price objective on shares of Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

Carnival 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.