VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in Carnival Corporation $CCL

Key Points

• The Virginia Retirement Systems acquired a new stake of 896,200 shares in Carnival Corporation, valued at approximately $25.2 million, which represents 0.08% ownership of the company.
• Carnival reported quarterly earnings of $1.43 per share, beating analysts' expectations and demonstrating a 3.3% increase in revenue compared to the previous year.
• Research firms have upgraded Carnival's stock ratings, with Bank of America raising the price target from $31 to $38 and several analysts now suggesting a "Moderate Buy" rating.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Carnival Corporation (NYSE:CCL - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 896,200 shares of the company's stock, valued at approximately $25,201,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.08% of Carnival as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Carnival in the 2nd quarter valued at approximately $28,000. N.E.W. Advisory Services LLC bought a new stake in Carnival in the 1st quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Carnival in the 1st quarter valued at approximately $26,000. Zions Bancorporation National Association UT bought a new stake in Carnival in the 1st quarter valued at approximately $35,000. Finally, Wealthquest Corp bought a new stake in Carnival in the 1st quarter valued at approximately $36,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 12,500 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $29.75, for a total value of $371,875.00. Following the sale, the director owned 64,406 shares in the company, valued at approximately $1,916,078.50. This represents a 16.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.60% of the company's stock.

Carnival Trading Up 0.3%

Shares of Carnival stock opened at $28.31 on Monday. Carnival Corporation has a 12-month low of $15.07 and a 12-month high of $32.80. The stock has a market cap of $33.05 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.60 and a beta of 2.68. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. The business's 50 day moving average is $30.24 and its 200-day moving average is $26.13.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.11. Carnival had a return on equity of 27.86% and a net margin of 10.07%.The company had revenue of $8.15 billion for the quarter, compared to analysts' expectations of $8.09 billion. During the same quarter in the prior year, the business posted $1.27 EPS. The business'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. Equities research analysts predict that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on CCL. Weiss Ratings restated a "hold (c+)" rating on shares of Carnival in a research note on Wednesday, October 8th. Bank of America boosted their target price on Carnival from $31.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Zacks Research upgraded Carnival from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Tigress Financial boosted their target price on Carnival from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, TD Cowen began coverage on Carnival in a research note on Tuesday, July 22nd. They set a "buy" rating and a $36.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

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.

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