Carnival Corporation $CCL Holdings Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its Carnival stake by 29.2% in the third quarter, bringing its holdings to 220,649 shares valued at approximately $5.4 million. Institutional investors and hedge funds collectively own 67.19% of the company.
• Analyst sentiment remains broadly positive, with Carnival receiving a “Moderate Buy” consensus rating and an average price target of $34.14, although some analysts recently lowered targets or downgraded the stock to “Hold.”
• Carnival reported quarterly EPS of $1.43, beating estimates by $0.08, while revenue rose 3.5% year over year to $8.44 billion. Shares opened at $27.27, compared with a 12-month range of $21.45 to $34.03.

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Carnival Corporation (NYSE:CCL - Free Report) by 29.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,649 shares of the company's stock after acquiring an additional 49,814 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Carnival were worth $5,415,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manning & Napier Advisors LLC bought a new stake in shares of Carnival in the second quarter valued at approximately $25,000. Axiom Investment Management LLC acquired a new stake in Carnival during the second quarter worth approximately $29,000. Ancora Advisors LLC bought a new position in Carnival during the 2nd quarter worth $29,000. Basecamp Wealth Advisors LLC increased its stake 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 acquiring an additional 542 shares during the period. Finally, Continuum Advisory LLC acquired a new position in Carnival in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on CCL shares. Sanford C. Bernstein reissued a "market perform" rating and set a $28.70 target price on shares of Carnival in a report on Wednesday, September 30th. JPMorgan Chase & Co. decreased their price target on Carnival from $43.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday, September 24th. Tigress Financial reaffirmed a "buy" rating and issued a $42.00 price target on shares of Carnival in a research note on Tuesday, October 13th. Weiss Ratings cut shares of Carnival from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft set a $32.00 price objective on shares of Carnival in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.14.

Carnival Trading Up 0.8%

Shares of CCL stock opened at $27.27 on Thursday. Carnival Corporation has a twelve month low of $21.45 and a twelve month high of $34.03. The stock's fifty day simple moving average is $24.72 and its 200 day simple moving average is $26.46. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $36.67 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.16 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 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 for the quarter, compared to analyst estimates of $8.39 billion. During the same period last year, the firm posted $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 predict that Carnival Corporation will post 2.26 EPS for the current fiscal year.

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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