Mitsubishi UFJ Asset Management Co. Ltd. Has $57.62 Million Position in Carnival Corporation $CCL

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Carnival Corporation (NYSE:CCL) by 12.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,049,023 shares of the company’s stock after purchasing an additional 234,544 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of Carnival worth $57,619,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new stake in shares of Carnival during the 1st quarter worth $25,000. Graybill Wealth Management LTD. acquired a new position in Carnival during the 1st quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in Carnival during the second quarter valued at about $28,000. Banque Transatlantique SA acquired a new stake in shares of Carnival in the first quarter valued at about $33,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of Carnival in the first quarter worth about $35,000. Institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

Shares of CCL stock 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 12 month low of $15.07 and a 12 month high of $32.80. The firm has a market cap of $31.21 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.57 and a beta of 2.67. The stock has a 50-day moving average price of $29.58 and a 200 day moving average price of $27.30.

Carnival (NYSE:CCL) last issued its earnings results 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. Carnival had a net margin of 10.07% and a return on equity of 27.86%. The company had revenue of $8.15 billion for the quarter, compared to analyst estimates of $8.09 billion. During the same quarter last year, the firm earned $1.27 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. Research analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

CCL has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research note on Wednesday, October 8th. Argus reduced their price objective on Carnival from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, September 30th. JPMorgan Chase & Co. raised their price objective on shares of Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. Morgan Stanley upped their target price on shares of Carnival from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Finally, Truist Financial increased their price target on shares of Carnival from $27.00 to $31.00 and gave the company a “hold” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.