VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 896,200 Carnival Corporation $CCL

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Carnival Corporation (NYSE:CCL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 896,200 shares of the company’s stock, valued at approximately $25,201,000.

Several other institutional investors and hedge funds have also modified their holdings of CCL. N.E.W. Advisory Services LLC acquired a new position in shares of Carnival in the first quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Carnival in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Carnival in the second quarter valued at about $28,000. Banque Transatlantique SA acquired a new position in shares of Carnival in the first quarter valued at about $33,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Carnival in the first quarter valued at about $35,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director directly owned 64,406 shares of the company’s stock, valued at $1,916,078.50. This trade represents a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Susquehanna increased their target price on Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a report on Tuesday, September 30th. Mizuho increased their target price on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, September 25th. Zacks Research raised Carnival from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Tigress Financial increased their target price on Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Carnival Stock Performance

NYSE:CCL opened at $28.31 on Monday. The stock’s 50-day simple moving average is $30.24 and its 200 day simple moving average is $26.13. The firm 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. 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 Corporation has a twelve month low of $15.07 and a twelve month high of $32.80.

Carnival (NYSE:CCL) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.11. The business had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. Carnival had a return on equity of 27.86% and a net margin of 10.07%.Carnival’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.27 earnings per share. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, analysts anticipate 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.