Mediolanum International Funds Ltd Has $8 Million Stock Position in Carnival Corporation $CCL

Mediolanum International Funds Ltd lifted its stake in shares of Carnival Corporation (NYSE:CCL) by 156.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 293,355 shares of the company’s stock after purchasing an additional 178,839 shares during the period. Mediolanum International Funds Ltd’s holdings in Carnival were worth $7,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of Carnival by 5.5% in the 1st quarter. Victory Capital Management Inc. now owns 312,306 shares of the company’s stock valued at $6,099,000 after acquiring an additional 16,309 shares during the period. IFP Advisors Inc grew its holdings in Carnival by 60.1% during the first quarter. IFP Advisors Inc now owns 12,163 shares of the company’s stock worth $238,000 after purchasing an additional 4,564 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in Carnival by 7.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 80,065 shares of the company’s stock worth $1,564,000 after buying an additional 5,205 shares during the last quarter. Choreo LLC raised its stake in Carnival by 43.0% in the first quarter. Choreo LLC now owns 24,968 shares of the company’s stock valued at $488,000 after buying an additional 7,506 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Carnival by 25.8% in the first quarter. Y Intercept Hong Kong Ltd now owns 18,090 shares of the company’s stock valued at $353,000 after buying an additional 3,713 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Carnival in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price 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. Stifel Nicolaus lifted their target price on shares of Carnival from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Susquehanna increased their price target on shares of Carnival from $30.00 to $35.00 and gave the company a “positive” rating in a report on Tuesday, September 30th. Finally, Citigroup boosted their price objective on Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Carnival presently has an average rating of “Moderate Buy” and a consensus price target of $33.33.

Carnival Price Performance

Shares of Carnival stock opened at $26.55 on Friday. 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 stock has a market capitalization of $31.00 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.57 and a beta of 2.67. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.80. The company has a 50-day simple moving average of $28.49 and a two-hundred day simple moving average of $27.69.

Carnival (NYSE:CCL) last announced its 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 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 analysts’ expectations of $8.09 billion. During the same period last year, the firm earned $1.27 earnings per share. The business’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. Analysts forecast that Carnival Corporation will post 1.77 EPS for the current year.

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.