Mitsubishi UFJ Asset Management Co. Ltd. Buys 234,544 Shares of Carnival Corporation $CCL

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Carnival Corporation (NYSE:CCL) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,049,023 shares of the company’s stock after acquiring an additional 234,544 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Carnival were worth $57,619,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. State of Michigan Retirement System lifted its holdings in Carnival by 9.9% during the 2nd quarter. State of Michigan Retirement System now owns 312,244 shares of the company’s stock worth $8,780,000 after purchasing an additional 28,000 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in Carnival during the 2nd quarter worth $37,880,000. New Century Financial Group LLC lifted its holdings in shares of Carnival by 375.7% during the second quarter. New Century Financial Group LLC now owns 72,140 shares of the company’s stock worth $2,029,000 after buying an additional 56,976 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Carnival by 30.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 100,983 shares of the company’s stock valued at $2,840,000 after acquiring an additional 23,866 shares during the period. Finally, Convergence Investment Partners LLC acquired a new position in shares of Carnival in the second quarter valued at about $734,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Performance

Shares of Carnival stock opened at $26.74 on Monday. The company’s 50 day moving average price is $29.58 and its two-hundred day moving average price is $27.30. The firm has a market capitalization of $31.21 billion, a P/E ratio of 13.92, a P/E/G ratio of 0.57 and a beta of 2.67. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.80. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL) last announced its quarterly 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 net margin of 10.07% and a return on equity of 27.86%. The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same period in the prior year, the business earned $1.27 earnings per share. The company’s revenue for the quarter 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 forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CCL. Melius Research lifted their price objective on Carnival from $30.00 to $36.00 and gave the company a “buy” rating in a report on Monday, September 15th. Barclays raised their price target on Carnival from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 17th. Wall Street Zen downgraded shares of Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Citigroup raised their target price on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.00.

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.