Geode Capital Management LLC Acquires 1,906,110 Shares of Carnival Corporation $CCL

Geode Capital Management LLC lifted its holdings in Carnival Corporation (NYSE:CCL) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,617,014 shares of the company’s stock after purchasing an additional 1,906,110 shares during the quarter. Geode Capital Management LLC owned 2.37% of Carnival worth $773,398,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new stake in Carnival during the 1st quarter worth about $25,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Carnival during the 2nd quarter worth approximately $28,000. Banque Transatlantique SA acquired a new stake in shares of Carnival in the 1st quarter valued at approximately $33,000. Zions Bancorporation National Association UT bought a new position in shares of Carnival in the first quarter valued at $35,000. Finally, Wealthquest Corp acquired a new position in Carnival during the first quarter worth $36,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCL shares. Wall Street Zen cut shares of Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Morgan Stanley lifted their price target on Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Bank of America upped their price objective on Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Stifel Nicolaus boosted their target price on Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Finally, Citigroup raised their price target on Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $33.00.

Carnival Stock Down 3.7%

CCL opened at $26.12 on Friday. The stock has a fifty day moving average of $29.19 and a 200-day moving average of $27.40. The company has a market capitalization of $30.50 billion, a P/E ratio of 13.60, 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 quick ratio of 0.30 and a current ratio of 0.34.

Carnival (NYSE:CCL) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 10.07% and a return on equity of 27.86%. Carnival’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $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, equities analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

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.