Czech National Bank Buys 15,985 Shares of Carnival Corporation $CCL

Key Points

• The Czech National Bank increased its stake in Carnival Corporation by 6.6% during the second quarter, holding 256,644 shares valued at approximately $7.2 million.
• Carnival's recent quarterly earnings report indicated a 9.5% year-over-year revenue growth, with an earnings per share (EPS) of $0.35, exceeding analysts' expectations.
• A number of analysts have recently upgraded their price targets for Carnival stock, with forecasts ranging from $24.00 to $39.00, leading to a consensus rating of "Moderate Buy."

Czech National Bank raised its position in Carnival Corporation (NYSE:CCL - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,644 shares of the company's stock after buying an additional 15,985 shares during the quarter. Czech National Bank's holdings in Carnival were worth $7,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CCL. Causeway Capital Management LLC bought a new stake in Carnival during the 1st quarter valued at $518,816,000. Nuveen LLC bought a new stake in shares of Carnival during the 1st quarter valued at $432,718,000. 59 North Capital Management LP bought a new stake in shares of Carnival during the first quarter valued at about $69,303,000. AGF Management Ltd. increased its stake in Carnival by 14,603.8% in the 1st quarter. AGF Management Ltd. now owns 2,871,219 shares of the company's stock worth $56,075,000 after acquiring an additional 2,851,692 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Carnival by 24.7% in the 1st quarter. Invesco Ltd. now owns 12,965,228 shares of the company's stock worth $253,211,000 after acquiring an additional 2,566,148 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Insider Transactions at Carnival

In other news, Director Sir Jonathon Band sold 12,500 shares of Carnival stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $29.75, for a total transaction of $371,875.00. Following the sale, the director owned 64,406 shares in the company, 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 at the SEC website. Company insiders own 7.60% of the company's stock.

Carnival Stock Performance

CCL stock traded down $0.89 during trading on Friday, reaching $30.56. The stock had a trading volume of 33,314,846 shares, compared to its average volume of 16,323,354. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $32.80. The stock's 50 day moving average is $30.40 and its two-hundred day moving average is $24.82. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. The firm has a market cap of $35.68 billion, a PE ratio of 16.52, a PEG ratio of 0.70 and a beta of 2.70.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The business had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same period last year, the firm earned $0.11 earnings per share. The company's quarterly revenue 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 analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

CCL has been the topic of a number of research analyst reports. Melius Research increased their price target on shares of Carnival from $30.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Morgan Stanley increased their target price on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. JPMorgan Chase & Co. increased their target price on Carnival from $34.00 to $39.00 and gave the company an "overweight" rating in a research note on Monday, September 15th. Loop Capital reiterated a "hold" rating and set a $22.00 price objective on shares of Carnival in a research report on Monday, June 23rd. Finally, Barclays increased their price objective on Carnival from $33.00 to $37.00 and gave the company an "overweight" rating in a research report on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $31.63.

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.