Carnival Corporation $CCL Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Carnival Corporation (NYSE:CCL) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,390 shares of the company’s stock after selling 1,536 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Carnival were worth $3,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 2,410,188 shares during the last quarter. Causeway Capital Management LLC acquired a new stake in Carnival during the 1st quarter worth $518,816,000. Nuveen LLC acquired a new stake in Carnival during the 1st quarter worth $432,718,000. Invesco Ltd. boosted its position 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 acquiring an additional 2,566,148 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Carnival by 16.8% during the 1st quarter. Northern Trust Corp now owns 12,425,707 shares of the company’s stock valued at $242,674,000 after acquiring an additional 1,787,015 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Down 1.8%

Shares of CCL opened at $29.46 on Friday. The firm has a market cap of $34.39 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.63 and a beta of 2.68. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. The company’s 50-day moving average price is $30.23 and its 200 day moving average price is $26.36. 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 issued its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. The firm had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. Carnival’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 EPS. 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 year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CCL shares. Tigress Financial boosted their price target on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Susquehanna boosted their price target on shares of Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a research report on Tuesday, September 30th. Mizuho boosted their price target on shares of Carnival from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Zacks Research raised shares of Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, Truist Financial boosted their price target on shares of Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a research report on Monday, July 21st. One 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. According to data from MarketBeat.com, Carnival currently has an average rating of “Moderate Buy” and an average price target of $33.00.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of the business’s stock in a transaction dated Tuesday, August 5th. The shares were 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 in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.60% of the company’s stock.

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.