Carnival Corporation $CCL Stock: Calamos Advisors LLC Trims Holdings

Key Points

• Calamos Advisors cut its Carnival stake by 7.7% in the third quarter, selling 47,648 shares and retaining 573,950 shares valued at about $14.1 million. Institutional investors and hedge funds collectively own 67.19% of Carnival stock.
• Carnival reported quarterly EPS of $1.43, above the $1.35 consensus, and revenue of $8.44 billion, up 3.5% year over year. The company issued FY2026 EPS guidance of $2.24.
• Analysts hold a consensus “Moderate Buy” rating with a $34.16 average price target; Carnival also declared a $0.15 quarterly dividend, equivalent to a 2.0% yield.

Calamos Advisors LLC lessened its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 7.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 573,950 shares of the company's stock after selling 47,648 shares during the quarter. Calamos Advisors LLC's holdings in Carnival were worth $14,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Ancora Advisors LLC grew its holdings in Carnival by 66.4% during the second quarter. Ancora Advisors LLC now owns 1,015 shares of the company's stock worth $29,000 after acquiring an additional 405 shares during the period. Basecamp Wealth Advisors LLC raised its position in Carnival by 107.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company's stock worth $27,000 after acquiring an additional 542 shares in the last quarter. CoreCap Advisors LLC raised its position in Carnival by 22.7% in the second quarter. CoreCap Advisors LLC now owns 2,932 shares of the company's stock worth $84,000 after acquiring an additional 543 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Carnival by 6.6% in the first quarter. Parallel Advisors LLC now owns 9,017 shares of the company's stock valued at $233,000 after acquiring an additional 555 shares during the period. Finally, Physician Wealth Advisors Inc. lifted its holdings in Carnival by 116.9% in the third quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company's stock valued at $27,000 after acquiring an additional 589 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Trading Up 0.1%

NYSE CCL opened at $29.62 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.23 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 company's fifty day simple moving average is $25.28 and its 200-day simple moving average is $27.13. The stock has a market cap of $39.83 billion, a P/E ratio of 12.93, a PEG ratio of 1.26 and a beta of 2.48.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings data 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. 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 analysts' expectations of $8.39 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Carnival's revenue for the quarter was up 3.5% compared to the same quarter last year. 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 predict that Carnival Corporation will post 2.26 EPS for the current fiscal year.

Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.0%. Carnival's dividend payout ratio (DPR) is currently 26.20%.

Wall Street Analyst Weigh In

CCL has been the topic of several research analyst reports. UBS Group restated a "buy" rating and set a $36.00 target price on shares of Carnival in a research report on Wednesday, September 30th. Freedom Broker increased their price target on shares of Carnival from $35.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, October 1st. HSBC reduced their price objective on shares of Carnival from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Wednesday, September 30th. Mizuho decreased their price objective on shares of Carnival from $39.00 to $38.00 and set an "outperform" rating on the stock in a report on Wednesday, September 30th. Finally, Argus lowered their target price on shares of Carnival from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.16.

Insider Buying and Selling at Carnival

In other news, Director Helen Deeble sold 25,000 shares of Carnival stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $27.75, for a total transaction of $693,750.00. Following the transaction, the director owned 63,505 shares in the company, valued at approximately $1,762,263.75. The trade was a 28.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.90% of the stock is currently owned by company insiders.

About Carnival

Carnival Corporation & plc is a global cruise company that operates cruise lines and provides ship-based vacations. Its brands include Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, AIDA Cruises, Costa Cruises, and P&O Cruises.

The company's offerings include cruise itineraries, onboard accommodations, dining and entertainment, as well as shore excursions and other guest experiences. Its ships serve destinations across regions including the Caribbean, Europe, Alaska, Australia and Asia.

The business traces its roots to Carnival Cruise Line, founded by Ted Arison in 1972.

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.