Police & Firemen s Retirement System of New Jersey Increases Position in Carnival Corporation $CCL

Police & Firemen s Retirement System of New Jersey increased its position in shares of Carnival Corporation (NYSE:CCL) by 10.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 164,365 shares of the company’s stock after acquiring an additional 15,047 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Carnival were worth $4,622,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Carnival by 7.4% during the second quarter. Geode Capital Management LLC now owns 27,617,014 shares of the company’s stock worth $773,398,000 after purchasing an additional 1,906,110 shares during the last quarter. ABC Arbitrage SA purchased a new position in Carnival during the second quarter worth about $1,485,000. PNC Financial Services Group Inc. boosted its stake in Carnival by 9.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 220,847 shares of the company’s stock worth $6,210,000 after buying an additional 18,545 shares during the last quarter. denkapparat Operations GmbH purchased a new stake in Carnival in the 2nd quarter valued at about $222,000. Finally, Vise Technologies Inc. acquired a new position in shares of Carnival during the 2nd quarter valued at about $563,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Stock Down 0.6%

Shares of Carnival stock opened at $25.99 on Friday. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.80. The stock has a market cap of $30.35 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.10. The company has a fifty day moving average price of $29.08 and a 200 day moving average price of $27.52.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Monday, September 29th. The company reported $1.43 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 previous year, the firm posted $1.27 earnings per share. The firm’s quarterly revenue 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. Equities research analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CCL. Wall Street Zen lowered shares of Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. Susquehanna upped their price objective on Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a report on Tuesday, September 30th. Citigroup increased their target price on Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Bank of America boosted their price target on Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley raised their price objective on Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Carnival currently has an average rating of “Moderate Buy” and an average target price 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.