Illinois Municipal Retirement Fund Grows Position in Carnival Corporation $CCL

Illinois Municipal Retirement Fund lifted its holdings in shares of Carnival Corporation (NYSE:CCL) by 106.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 566,312 shares of the company’s stock after buying an additional 292,404 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Carnival were worth $15,925,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Carnival by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 119,505,754 shares of the company’s stock worth $2,333,947,000 after acquiring an additional 2,410,188 shares in the last quarter. Causeway Capital Management LLC purchased a new stake in shares of Carnival during the 1st quarter valued at $518,816,000. Nuveen LLC acquired a new stake in shares of Carnival in the first quarter worth $432,718,000. Invesco Ltd. raised its holdings in shares of Carnival by 24.7% during the 1st quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock valued at $253,211,000 after buying an additional 2,566,148 shares during the period. Finally, Northern Trust Corp boosted its position in Carnival by 16.8% in the 1st quarter. Northern Trust Corp now owns 12,425,707 shares of the company’s stock valued at $242,674,000 after buying an additional 1,787,015 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CCL shares. Barclays boosted their price target on Carnival from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, September 17th. Bank of America boosted their target price on shares of Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. 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 research report on Tuesday, September 30th. Tigress Financial lifted their price target on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Wall Street Zen lowered shares of Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. One 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 stock. Based on data from MarketBeat.com, Carnival has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Carnival Stock Up 1.4%

CCL opened at $26.74 on Monday. 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 company has a market capitalization of $31.21 billion, a PE ratio of 13.92, a P/E/G ratio of 0.57 and a beta of 2.67. The stock’s fifty day moving average is $29.58 and its 200-day moving average is $27.30. Carnival Corporation has a one year low of $15.07 and a one year high of $32.80.

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 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 firm had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same period in the previous year, the company earned $1.27 earnings per share. Carnival’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, equities 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.