Carnival Corporation $CCL Stock Acquired by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners increased its Carnival stake by 1,216% in the third quarter, purchasing 103,990 additional shares for a total holding of 112,542 shares valued at $2.76 million.
• Carnival reported quarterly EPS of $1.43, exceeding estimates by $0.08, while revenue reached $8.44 billion, up 3.5% year over year and slightly above expectations.
• Institutional investors own 67.19% of Carnival, and analysts maintain a “Moderate Buy” consensus rating with an average price target of $34.14, above the stock’s reported $25.90 price.

Cyndeo Wealth Partners LLC boosted its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 1,216.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,542 shares of the company's stock after buying an additional 103,990 shares during the period. Cyndeo Wealth Partners LLC's holdings in Carnival were worth $2,762,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CCL. Auto Owners Insurance Co raised its position in shares of Carnival by 2,954.0% in the 4th quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company's stock valued at $60,625,000 after buying an additional 19,201,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Carnival by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,904,029 shares of the company's stock worth $411,372,000 after acquiring an additional 834,885 shares during the period. Amundi lifted its holdings in shares of Carnival by 67.3% during the 2nd quarter. Amundi now owns 6,770,304 shares of the company's stock worth $193,428,000 after acquiring an additional 2,723,171 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Carnival by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,608,651 shares of the company's stock worth $145,152,000 after acquiring an additional 278,758 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Carnival by 11.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,687,038 shares of the company's stock worth $133,909,000 after acquiring an additional 480,097 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Stock Performance

NYSE:CCL opened at $25.90 on Friday. The stock's 50-day simple moving average is $24.77 and its 200 day simple moving average is $26.42. The firm has a market capitalization of $34.82 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 1.11 and a beta of 2.38. 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 twelve month low of $21.45 and a twelve month high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results 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. The firm had revenue of $8.44 billion for the quarter, compared to analysts' expectations of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. 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 business posted $1.43 earnings per share. 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, analysts anticipate that Carnival Corporation will post 2.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCL. TD Cowen reduced their price target on shares of Carnival from $34.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday, September 22nd. Wells Fargo & Company lowered their price objective on shares of Carnival from $36.00 to $34.00 and set an "overweight" rating for the company in a research report on Thursday, October 1st. Susquehanna lowered their price objective on shares of Carnival from $33.00 to $28.00 and set a "positive" rating for the company in a research report on Wednesday, September 30th. Sanford C. Bernstein restated a "market perform" rating and set a $28.70 target price on shares of Carnival in a research note on Wednesday, September 30th. Finally, BMO Capital Markets initiated coverage on Carnival in a research note on Tuesday, July 7th. They set a "market perform" rating and a $30.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.14.

About Carnival

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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