AG2R LA Mondiale Gestion D Actifs Purchases New Position in Carnival Corporation $CCL

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new position in Carnival Corporation, purchasing 42,901 shares valued at approximately $838,000.
• Vanguard Group Inc. increased its stake in Carnival by 2.1%, now holding over 119 million shares worth over $2.3 billion, reflecting strong institutional interest in the stock.
• Securities analysts have shown a positive outlook for Carnival, with thirteen rating it as a Buy and an average price target set at $30.71.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Carnival Corporation (NYSE:CCL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,901 shares of the company's stock, valued at approximately $838,000.

Other large investors have also made changes to their positions in the company. Voya Investment Management LLC lifted its position in shares of Carnival by 0.9% in the first quarter. Voya Investment Management LLC now owns 296,851 shares of the company's stock worth $5,798,000 after buying an additional 2,538 shares in the last quarter. Invst LLC bought a new position in shares of Carnival during the first quarter valued at approximately $422,000. Strs Ohio bought a new position in shares of Carnival during the first quarter valued at approximately $1,033,000. GK Wealth Management LLC grew its stake in shares of Carnival by 18.3% during the first quarter. GK Wealth Management LLC now owns 15,291 shares of the company's stock valued at $299,000 after buying an additional 2,368 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Carnival by 17.2% in the first quarter. Geneos Wealth Management Inc. now owns 17,338 shares of the company's stock worth $339,000 after purchasing an additional 2,548 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Stock Performance

Shares of CCL stock traded down $0.82 on Friday, hitting $30.63. The company had a trading volume of 8,206,529 shares, compared to its average volume of 22,847,582. The firm has a market cap of $35.75 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 0.70 and a beta of 2.70. The company has a 50-day moving average price of $30.36 and a 200-day moving average price of $24.76. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.80.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%.The business had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.20 billion. During the same quarter in the previous year, the firm posted $0.11 EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. Carnival has set its FY 2025 guidance at 1.970-1.970 EPS. Q3 2025 guidance at 1.300-1.300 EPS. As a group, equities research analysts predict that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival

In related news, Director Sir Jonathon Band sold 12,500 shares of Carnival 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 completion of the transaction, the director owned 64,406 shares in the company, valued at $1,916,078.50. The trade was a 16.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CCL has been the topic of several research analyst reports. Tigress Financial increased their price objective on Carnival from $32.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Truist Financial increased their target price on Carnival from $27.00 to $31.00 and gave the company a "hold" rating in a research report on Monday, July 21st. Susquehanna increased their target price on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Zacks Research cut Carnival from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 18th. Finally, Barclays increased their target price on Carnival from $33.00 to $37.00 and gave the company an "overweight" rating in a research report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $31.63.

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.