Rakuten Investment Management Inc. acquired a new position in Carnival Corporation (NYSE:CCL – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 228,182 shares of the company’s stock, valued at approximately $5,730,000.
Other large investors also recently made changes to their positions in the company. Ancora Advisors LLC raised its stake in shares of Carnival by 66.4% in the 2nd quarter. Ancora Advisors LLC now owns 1,015 shares of the company’s stock valued at $29,000 after acquiring an additional 405 shares during the period. Basecamp Wealth Advisors LLC boosted its position in Carnival by 107.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock worth $27,000 after purchasing an additional 542 shares during the period. CoreCap Advisors LLC boosted its position in Carnival by 22.7% during the 2nd quarter. CoreCap Advisors LLC now owns 2,932 shares of the company’s stock worth $84,000 after purchasing an additional 543 shares during the period. Parallel Advisors LLC increased its holdings in Carnival by 6.6% in the 1st quarter. Parallel Advisors LLC now owns 9,017 shares of the company’s stock valued at $233,000 after purchasing an additional 555 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its holdings in Carnival by 116.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company’s stock valued at $27,000 after purchasing an additional 589 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.
Carnival Stock Performance
Carnival stock opened at $29.55 on Friday. Carnival Corporation has a 12-month low of $21.45 and a 12-month high of $34.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23. The company has a market capitalization of $39.74 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 1.34 and a beta of 2.48. The firm’s fifty day moving average price is $25.19 and its 200 day moving average price is $27.13.
Carnival (NYSE:CCL – Get Free Report) last posted its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 EPS. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. On average, research analysts forecast that Carnival Corporation will post 2.26 EPS for the current fiscal year.
Carnival Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 6th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.0%. Carnival’s payout ratio is 26.20%.
Insider Activity at Carnival
In related news, Director Helen Deeble sold 25,000 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $27.75, for a total value of $693,750.00. Following the completion of the transaction, the director owned 63,505 shares of the company’s stock, valued at approximately $1,762,263.75. This represents a 28.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 7.90% of the company’s stock.
Wall Street Analysts Forecast Growth
CCL has been the subject of a number of recent research reports. Stifel Nicolaus lowered their target price on Carnival from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Truist Financial boosted their price target on Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. BNP Paribas Exane decreased their price target on Carnival from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Morgan Stanley upped their price target on Carnival from $31.00 to $32.50 and gave the stock an “overweight” rating in a report on Tuesday, September 29th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $28.70 price objective on shares of Carnival in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Carnival has an average rating of “Moderate Buy” and an average price target of $34.16.
View Our Latest Research Report on Carnival
About Carnival
Carnival Corporation & plc (NYSE: CCL) is one of the world’s largest leisure travel and cruise companies. It operates cruise lines that provide vacation travel, onboard entertainment, dining, accommodations, recreational activities and shore excursions. The company’s brands serve a broad range of travelers, from mainstream and contemporary vacationers to premium and luxury guests.
Carnival’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises UK and P&O Cruises Australia.
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