322,847 Shares in Carnival Corporation $CCL Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments bought 322,847 Carnival shares in the third quarter, valued at about $7.9 million. Institutional investors and hedge funds collectively own 67.19% of the company.
• Analyst views remain broadly positive: Carnival has a consensus “Moderate Buy” rating and an average price target of $34.16, although several firms recently lowered their targets.
• Carnival beat quarterly estimates, reporting EPS of $1.43 versus expectations of $1.35 and revenue of $8.44 billion, up 3.5% year over year. It also declared a quarterly dividend of $0.15 per share.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Carnival Corporation (NYSE:CCL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 322,847 shares of the company's stock, valued at approximately $7,923,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. Ancora Advisors LLC grew its position in Carnival by 66.4% during the 2nd quarter. Ancora Advisors LLC now owns 1,015 shares of the company's stock worth $29,000 after purchasing an additional 405 shares in the last quarter. Basecamp Wealth Advisors LLC lifted its holdings in shares of Carnival by 107.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company's stock valued at $27,000 after purchasing an additional 542 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Carnival by 22.7% in the second quarter. CoreCap Advisors LLC now owns 2,932 shares of the company's stock worth $84,000 after buying an additional 543 shares during the period. Parallel Advisors LLC boosted its position in shares of Carnival by 6.6% in the first quarter. Parallel Advisors LLC now owns 9,017 shares of the company's stock worth $233,000 after buying an additional 555 shares during the period. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of Carnival by 116.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company's stock valued at $27,000 after buying an additional 589 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on CCL. Argus dropped their price target on Carnival from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, October 1st. Mizuho decreased their price objective on Carnival from $39.00 to $38.00 and set an "outperform" rating for the company in a research report on Wednesday, September 30th. Weiss Ratings cut Carnival from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, September 10th. BNP Paribas Exane dropped their target price on Carnival from $33.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. Finally, Truist Financial increased their price target on shares of Carnival from $29.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.16.

Carnival Trading Up 7.3%

NYSE CCL opened at $31.32 on Thursday. Carnival Corporation has a 1-year low of $21.45 and a 1-year high of $34.03. The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $42.11 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 1.25 and a beta of 2.48. The firm's fifty day simple moving average is $25.11 and its 200-day simple moving average is $27.12.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The firm had revenue of $8.44 billion during the quarter, compared to analysts' expectations of $8.39 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The business's revenue for the quarter was up 3.5% on a year-over-year basis. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. As a group, sell-side analysts anticipate that Carnival Corporation will post 2.26 earnings per share for the current fiscal year.

Carnival Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, November 6th. Carnival's payout ratio is currently 26.20%.

Insider Activity

In related news, Director Helen Deeble sold 25,000 shares of the business's stock in a transaction that occurred on 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 sale, the director owned 63,505 shares of the company's stock, valued at approximately $1,762,263.75. The trade was a 28.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.90% of the stock is currently owned by corporate insiders.

Carnival Profile

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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