47,164 Shares of Carnival Corporation $CCL Bought by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. bought 47,164 Carnival shares worth approximately $1.16 million during the third quarter. Institutional investors and hedge funds collectively own 67.19% of CCL.
• Carnival reported quarterly earnings of $1.43 per share and revenue of $8.44 billion, exceeding analyst expectations, while record bookings supported the outlook for occupancy, pricing and revenue.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $34.14. However, reduced longer-term earnings estimates and Carnival’s elevated debt and liquidity ratios suggest ongoing risks.

First Citizens Bank & Trust Co. purchased a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 47,164 shares of the company's stock, valued at approximately $1,157,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ancora Advisors LLC lifted its position in Carnival by 66.4% in the second quarter. Ancora Advisors LLC now owns 1,015 shares of the company's stock valued at $29,000 after purchasing an additional 405 shares during the period. Sims Investment Management LLC boosted its holdings in Carnival by 0.8% in the 1st quarter. Sims Investment Management LLC now owns 56,299 shares of the company's stock valued at $1,457,000 after purchasing an additional 470 shares in the last quarter. Basecamp Wealth Advisors LLC increased 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 increased 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. Finally, Parallel Advisors LLC increased its position in Carnival by 6.6% during the 1st quarter. Parallel Advisors LLC now owns 9,017 shares of the company's stock worth $233,000 after purchasing an additional 555 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival News Summary

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Record bookings and solid demand are strengthening the outlook for occupancy, pricing and revenue. Carnival’s latest quarterly results also exceeded consensus expectations, with earnings of $1.43 per share and revenue of $8.44 billion. What Carnival's Record Q3 Earnings and Bookings Strength Means For Shareholders
• Positive Sentiment: Tigress Financial reaffirmed its Buy rating, adding support to investor sentiment as Carnival benefits from booking strength and earnings recovery. Tigress Financial Reaffirms Buy Rating for Carnival
• Positive Sentiment: New and expanded itineraries from Carnival’s Princess and Seabourn brands could help broaden future demand and booking opportunities, although the revenue impact is longer term. Carnival's Princess Line Adds New Itineraries
• Neutral Sentiment: Carnival trades at roughly 11.6 times earnings, below the broader S&P 500 valuation. That discount may appeal to value investors, but the stock’s recent rally raises the question of whether much of the improved outlook is already reflected in the price. What Changed In Carnival's Story?
• Negative Sentiment: Zacks Research made several mixed estimate revisions. FY2026 EPS increased modestly to $2.24, but forecasts were reduced for Q4 2026, Q1 2027, FY2027 and FY2028, including a cut in FY2028 EPS to $2.90. The changes suggest some caution about the pace of future earnings growth.

Wall Street Analyst Weigh In

CCL has been the subject of a number of analyst reports. UBS Group reissued a "buy" rating and set a $36.00 target price on shares of Carnival in a research note on Wednesday, September 30th. Morgan Stanley lifted their price target on Carnival from $31.00 to $32.50 and gave the company an "overweight" rating in a research note on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft set a $32.00 price target on Carnival in a research note on Tuesday, September 22nd. BNP Paribas Exane dropped their price objective on Carnival from $33.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. Finally, Stifel Nicolaus dropped their price objective on Carnival from $37.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $34.14.

Carnival Stock Up 1.9%

Shares of NYSE CCL opened at $26.45 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 1.54. Carnival Corporation has a 52 week low of $21.45 and a 52 week high of $34.03. The firm has a 50-day moving average price of $24.83 and a 200 day moving average price of $26.42. The stock has a market capitalization of $35.57 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 1.11 and a beta of 2.38.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.08. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The firm had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The firm's revenue 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. Equities research analysts anticipate that Carnival Corporation will post 2.26 EPS for the current fiscal year.

Carnival 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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