39,696 Carnival Corporation $CCL Shares Purchased by MassMutual Private Wealth & Trust FSB

Key Points

• Institutional ownership increased: MassMutual Private Wealth & Trust FSB boosted its Carnival position by 800.3%, purchasing 39,696 additional shares and ending the quarter with a $1.1 million stake. Institutional investors and hedge funds collectively own 67.19% of Carnival.
• Analysts remain broadly bullish: Carnival has a “Moderate Buy” consensus rating, with 21 Buy, one Strong Buy and six Hold ratings; the average price target is $34.14.
• Strong operating trends are balanced by financial risks: Carnival exceeded quarterly earnings and revenue expectations and raised its fiscal 2026 outlook, supported by bookings and lower fuel costs. However, low liquidity ratios and a 1.54 debt-to-equity ratio leave the company exposed to weaker demand, higher costs and execution challenges.

MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 800.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,656 shares of the company's stock after buying an additional 39,696 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Carnival were worth $1,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. QRG Capital Management Inc. lifted its holdings in Carnival by 36.8% in the 2nd quarter. QRG Capital Management Inc. now owns 572,743 shares of the company's stock worth $16,363,000 after purchasing an additional 154,101 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Carnival by 261.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 91,409 shares of the company's stock valued at $2,612,000 after purchasing an additional 66,100 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Carnival by 330.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,827,261 shares of the company's stock valued at $109,345,000 after purchasing an additional 2,938,650 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Carnival by 25.8% in the second quarter. Sequoia Financial Advisors LLC now owns 69,664 shares of the company's stock worth $1,990,000 after buying an additional 14,273 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Carnival by 37.1% in the second quarter. Tidal Investments LLC now owns 130,662 shares of the company's stock worth $3,733,000 after buying an additional 35,373 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CCL. Truist Financial raised their target price on shares of Carnival from $29.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. Tigress Financial boosted their target price on shares of Carnival from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. BMO Capital Markets assumed coverage on shares of Carnival in a report on Tuesday, July 7th. They set a "market perform" rating and a $30.00 price target for the company. Morgan Stanley raised their price target on Carnival from $31.00 to $32.50 and gave the company an "overweight" rating in a research report on Tuesday, September 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Carnival from $43.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.14.

Carnival News Summary

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Falling oil prices support margins. Crude prices declined, reducing a major operating expense for cruise lines and helping lift Carnival and its peers. Carnival also recently reported fiscal third-quarter earnings of $1.43 per share, above the $1.35 consensus estimate, and raised its fiscal 2026 earnings outlook. Why Is Carnival Stock Surging on Tuesday?
• Positive Sentiment: Forward bookings remain a key catalyst. Carnival is reportedly about half booked for fiscal 2027 at record pricing, with customer deposits reaching $7.6 billion and 2028 bookings ahead of comparable levels from the prior year. This suggests sustained demand and pricing power, although the company must still deliver the future sailings. Carnival Is Half Booked for FY27: Can Record Pricing Hold?
• Positive Sentiment: Industry-wide buying is amplifying the move. Norwegian Cruise Line and Royal Caribbean also advanced, indicating investors are treating the improvement as a cruise-sector trend rather than a Carnival-specific event. Cruise Stocks Rally
• Positive Sentiment: Brand recognition and fleet investments are supportive. Carnival’s Princess Cruises was named the top mega cruise ship brand in Condé Nast Traveler’s 2026 Readers’ Choice Awards, while Holland America plans to add the Arcadia in 2029. These developments could support demand and long-term capacity growth. Princess Cruises Readers’ Choice Award
• Neutral Sentiment: Near-term risks remain. Analysts continue to question whether record pricing can be sustained, while Carnival’s low liquidity ratios and debt-to-equity ratio of 1.54 leave the company sensitive to weaker demand, higher fuel costs or execution problems.
• Neutral Sentiment: Carnival also announced a donation to Direct Relief for hurricane recovery in Hawai‘i. The initiative is positive for corporate reputation but is unlikely to materially affect earnings. Carnival Hawaii Hurricane Recovery Donation

Carnival Price Performance

Shares of NYSE:CCL opened at $26.54 on Wednesday. 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 business's 50 day moving average is $25.15 and its 200-day moving average is $26.36. The firm has a market capitalization of $35.69 billion, a PE ratio of 11.59, a PEG ratio of 1.09 and a beta of 2.38.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.08. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.39 billion. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The business's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Sell-side analysts predict that Carnival Corporation will post 2.27 earnings per share for the current year.

Carnival Company Profile

Carnival Corporation & plc NYSE: CCL is a global leisure travel company that operates cruise lines and related vacation businesses. Its brands offer ocean cruises, onboard entertainment, dining, accommodation, excursions and other travel experiences to passengers across a range of price points and destinations.

The company's portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, P&O Cruises, P&O Cruises Australia, AIDA Cruises and Costa Cruises.

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