Nordea Investment Management AB Has $16.58 Million Stock Position in Carnival Corporation $CCL

Nordea Investment Management AB lifted its stake in Carnival Corporation (NYSE:CCL) by 0.2% in the second quarter, HoldingsChannel reports. The firm owned 601,693 shares of the company’s stock after purchasing an additional 1,182 shares during the period. Nordea Investment Management AB’s holdings in Carnival were worth $16,583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CCL. Causeway Capital Management LLC acquired a new position in shares of Carnival in the 1st quarter valued at $518,816,000. Nuveen LLC acquired a new position in shares of Carnival in the 1st quarter valued at $432,718,000. 59 North Capital Management LP acquired a new position in shares of Carnival in the 1st quarter valued at $69,303,000. AGF Management Ltd. boosted its position in shares of Carnival by 14,603.8% in the 1st quarter. AGF Management Ltd. now owns 2,871,219 shares of the company’s stock valued at $56,075,000 after purchasing an additional 2,851,692 shares during the period. Finally, Invesco Ltd. boosted its position in Carnival by 24.7% during the 1st quarter. Invesco Ltd. now owns 12,965,228 shares of the company’s stock worth $253,211,000 after acquiring an additional 2,566,148 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Up 0.3%

CCL opened at $28.31 on Monday. 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 of $30.24 and a 200-day moving average of $26.13. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.34 and a quick ratio of 0.30. The company has a market capitalization of $33.05 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.60 and a beta of 2.68.

Carnival (NYSE:CCL) last issued its quarterly earnings data 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 return on equity of 27.86% and a net margin of 10.07%.The business had revenue of $8.15 billion for the quarter, compared to the consensus estimate of $8.09 billion. During the same period last year, the business earned $1.27 EPS. 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. Equities research analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.60% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the subject of a number of research reports. TD Cowen initiated coverage on Carnival in a research report on Tuesday, July 22nd. They set a “buy” rating and a $36.00 price objective for the company. Susquehanna raised their price objective on Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. raised their price target on Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. Mizuho raised their price target on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Finally, Truist Financial raised their price target on Carnival from $27.00 to $31.00 and gave the stock a “hold” rating in a research note on Monday, July 21st. 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’s stock. According to MarketBeat.com, Carnival has a consensus rating of “Moderate Buy” and a consensus price target 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.