Amundi Buys 262,687 Shares of Carnival Corporation $CCL

Amundi grew its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 11.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,553,463 shares of the company's stock after acquiring an additional 262,687 shares during the quarter. Amundi owned about 0.22% of Carnival worth $49,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SouthState Corp boosted its position in shares of Carnival by 9.8% during the 1st quarter. SouthState Corp now owns 5,976 shares of the company's stock valued at $117,000 after acquiring an additional 531 shares during the last quarter. KBC Group NV boosted its position in shares of Carnival by 0.8% during the 1st quarter. KBC Group NV now owns 73,391 shares of the company's stock valued at $1,433,000 after acquiring an additional 553 shares during the last quarter. Fielder Capital Group LLC boosted its position in shares of Carnival by 5.0% during the 1st quarter. Fielder Capital Group LLC now owns 12,843 shares of the company's stock valued at $251,000 after acquiring an additional 615 shares during the last quarter. Commerce Bank boosted its position in shares of Carnival by 2.8% during the 1st quarter. Commerce Bank now owns 23,027 shares of the company's stock valued at $450,000 after acquiring an additional 620 shares during the last quarter. Finally, Kentucky Retirement Systems boosted its position in shares of Carnival by 0.9% during the 1st quarter. Kentucky Retirement Systems now owns 70,058 shares of the company's stock valued at $1,368,000 after acquiring an additional 638 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Insider Activity at Carnival

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

Analysts Set New Price Targets

A number of research analysts have recently commented on CCL shares. Barclays increased their target price on Carnival from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Bank of America increased their price target on Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Tigress Financial increased their price target on Carnival from $32.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Loop Capital reiterated a "hold" rating and issued a $22.00 target price on shares of Carnival in a research note on Monday, June 23rd. Finally, Stifel Nicolaus increased their target price on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Thirteen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, Carnival has an average rating of "Moderate Buy" and an average target price of $30.71.

Carnival Stock Down 1.4%

Shares of Carnival stock traded down $0.46 during trading on Friday, hitting $32.02. 4,138,633 shares of the stock traded hands, compared to its average volume of 22,953,840. The firm has a market cap of $37.37 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 0.70 and a beta of 2.70. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The stock's fifty day simple moving average is $30.15 and its 200 day simple moving average is $24.50.

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