Carnival Corporation $CCL Stock: Brookstone Capital Management Grows Position

Key Points

• Brookstone Capital Management sharply increased its Carnival position by 1,868.7% in the third quarter, acquiring 238,899 additional shares and bringing its holdings to 251,683 shares worth approximately $6.18 million.
• Carnival reported quarterly EPS of $1.43, exceeding estimates, while revenue rose 3.5% year over year to $8.44 billion. The company also reinstated a quarterly dividend of $0.15 per share, equating to a 2.3% yield.
• Despite a “Moderate Buy” analyst consensus and average price target of $34.14, shares face risks from elevated oil prices and leverage; Carnival traded near $26.11 compared with its 52-week high of $34.03.

Brookstone Capital Management increased its position in Carnival Corporation (NYSE:CCL - Free Report) by 1,868.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 251,683 shares of the company's stock after acquiring an additional 238,899 shares during the period. Brookstone Capital Management's holdings in Carnival were worth $6,176,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ancora Advisors LLC increased its stake in shares of Carnival by 66.4% in 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 position in Carnival by 107.8% during 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 lifted its position in Carnival by 22.7% during the second quarter. CoreCap Advisors LLC now owns 2,932 shares of the company's stock valued at $84,000 after purchasing an additional 543 shares in the last quarter. Parallel Advisors LLC lifted its position in Carnival by 6.6% during the first quarter. Parallel Advisors LLC now owns 9,017 shares of the company's stock valued at $233,000 after purchasing an additional 555 shares in the last quarter. Finally, Mad River Investors grew its holdings in Carnival by 0.4% during the first quarter. Mad River Investors now owns 156,181 shares of the company's stock valued at $4,042,000 after purchasing an additional 585 shares during the period. Institutional investors own 67.19% of the company's stock.

Key Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Dividend reinstated: Carnival declared a quarterly dividend of $0.15 per share, or $0.60 annualized, representing an approximately 2.3% yield. The payment is scheduled for November 27 for shareholders of record on November 6. The resumption signals greater confidence in cash generation and gives income-focused investors a new reason to own CCL. Carnival Corporation Declares Dividend
• Positive Sentiment: Cash generation remains part of the investment case: Recent analysis focuses on Carnival’s cash position, alongside record revenue and net income, strong 2027 bookings and continued debt reduction. These factors could support additional balance-sheet improvement and capital returns over time. Should You Buy Carnival Stock For Its Cash?
• Neutral Sentiment: Premium offerings and pricing initiatives: Princess Cruises is expanding its Sanctuary Collection across five Royal Class ships, while Carnival is reportedly introducing dynamic pricing for some onboard amenities. Both initiatives could increase guest spending and improve revenue per passenger, but their effects on demand and customer satisfaction remain uncertain. Princess Cruises Expands Sanctuary Collection
• Negative Sentiment: Oil-price surge pressures margins: Crude oil reached a five-month high, weighing on cruise operators because fuel is one of their largest expenses. Carnival declined alongside Royal Caribbean and Norwegian, as investors priced in the risk of higher fuel costs reducing earnings and cash flow. Cruise Stocks Fall as Oil Price Hits Five-Month High

Carnival Trading Down 3.6%

Shares of Carnival stock opened at $26.11 on Friday. Carnival Corporation has a fifty-two week low of $21.45 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.23 and a current ratio of 0.27. The company has a market capitalization of $35.10 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.12 and a beta of 2.38. The company has a fifty day moving average of $24.66 and a 200 day moving average of $26.46.

Carnival (NYSE:CCL - Get Free Report) last posted 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 business had revenue of $8.44 billion for the quarter, compared to analysts' expectations of $8.39 billion. During the same period last year, the firm earned $1.43 earnings per share. The business's quarterly 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. On average, sell-side analysts anticipate that Carnival Corporation will post 2.26 earnings per share for the current fiscal year.

Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 6th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, November 6th. Carnival's dividend payout ratio is presently 26.20%.

Wall Street Analyst Weigh In

CCL has been the subject of a number of analyst reports. BMO Capital Markets started coverage on Carnival in a research report on Tuesday, July 7th. They issued a "market perform" rating and a $30.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $32.00 price objective on Carnival in a research report on Tuesday, September 22nd. Tigress Financial reiterated a "buy" rating and set a $42.00 price objective on shares of Carnival in a research note on Tuesday, October 13th. BNP Paribas Exane reduced their target price on shares of Carnival from $33.00 to $31.00 and set an "outperform" rating for the company in a report on Wednesday, September 30th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Carnival presently has a consensus rating of "Moderate Buy" and an average target price of $34.14.

Carnival Company 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.

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corporation (NYSE:CCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.