Illinois Municipal Retirement Fund Raises Position in Carnival Corporation $CCL

Illinois Municipal Retirement Fund boosted its position in shares of Carnival Corporation (NYSE:CCL) by 106.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 566,312 shares of the company’s stock after acquiring an additional 292,404 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Carnival were worth $15,925,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. N.E.W. Advisory Services LLC bought a new position in shares of Carnival during the 1st quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new position in Carnival in the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Carnival in the 2nd quarter worth approximately $28,000. Banque Transatlantique SA acquired a new stake in Carnival during the 1st quarter worth about $33,000. Finally, Zions Bancorporation National Association UT acquired a new position in Carnival in the 1st quarter worth approximately $35,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Stock Up 1.4%

Shares of NYSE CCL opened at $26.74 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.10. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.80. The firm has a market cap of $31.21 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. The company’s 50-day simple moving average is $29.58 and its 200-day simple moving average is $27.30.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Monday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.11. The company had revenue of $8.15 billion during the quarter, compared to analysts’ expectations of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. Carnival’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 EPS. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Equities analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CCL shares. Mizuho upped their target price on Carnival from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Truist Financial increased their price objective on Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a research note on Monday, July 21st. Morgan Stanley raised their target price on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Argus dropped their price objective on shares of Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Finally, Stifel Nicolaus raised their target price on Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

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.