Carnival Corporation $CCL Shares Acquired by OLD National Bancorp IN

Key Points

• OLD National Bancorp IN increased its stake in Carnival Corporation by 27.2% during the second quarter, owning a total of 394,531 shares worth approximately $11.1 million.
• Several hedge funds have significantly boosted their stakes in Carnival, with GAMMA Investing LLC increasing its holdings by 2,135.8% during the first quarter.
• Wall Street analysts rate Carnival Corporation's stock as a Moderate Buy with a consensus price target of $32.90, and recent earnings topped expectations with $1.43 EPS for the latest quarter.

OLD National Bancorp IN increased its position in Carnival Corporation (NYSE:CCL - Free Report) by 27.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 394,531 shares of the company's stock after acquiring an additional 84,389 shares during the period. OLD National Bancorp IN's holdings in Carnival were worth $11,094,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CCL. GAMMA Investing LLC boosted its holdings in shares of Carnival by 2,135.8% during the first quarter. GAMMA Investing LLC now owns 463,974 shares of the company's stock worth $9,061,000 after purchasing an additional 443,222 shares during the last quarter. NBC Securities Inc. raised its position in shares of Carnival by 127,575.0% in the 1st quarter. NBC Securities Inc. now owns 5,107 shares of the company's stock worth $99,000 after buying an additional 5,103 shares during the period. Merit Financial Group LLC raised its position in shares of Carnival by 109.5% in the 1st quarter. Merit Financial Group LLC now owns 56,846 shares of the company's stock worth $1,110,000 after buying an additional 29,716 shares during the period. Gateway Investment Advisers LLC purchased a new position in shares of Carnival in the 1st quarter worth $1,977,000. Finally, Wedmont Private Capital raised its position in shares of Carnival by 18.7% in the 1st quarter. Wedmont Private Capital now owns 17,490 shares of the company's stock worth $342,000 after buying an additional 2,759 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CCL shares. TD Cowen started coverage on Carnival in a research report on Tuesday, July 22nd. They issued a "buy" rating and a $36.00 target price on the stock. Stifel Nicolaus increased their target price on Carnival from $34.00 to $38.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Wall Street Zen lowered Carnival from a "buy" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. raised their price objective on Carnival from $34.00 to $39.00 and gave the company an "overweight" rating in a research report on Monday, September 15th. Finally, Barclays raised their price objective on Carnival from $33.00 to $37.00 and gave the company an "overweight" rating in a research report on Wednesday, September 17th. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.90.

Insider Activity 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 stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the transaction, the director owned 64,406 shares in the company, valued at approximately $1,916,078.50. The trade was a 16.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.60% of the company's stock.

Carnival Trading Down 1.0%

NYSE:CCL opened at $28.56 on Friday. 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 Corporation has a one year low of $15.07 and a one year high of $32.80. The business's 50-day simple moving average is $30.42 and its 200 day simple moving average is $25.51. The stock has a market cap of $33.34 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 0.60 and a beta of 2.68.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Monday, September 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The business had revenue of $8.15 billion for the quarter, compared to analysts' expectations of $8.09 billion. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. As a group, sell-side analysts predict that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Carnival 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.

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