Carnival Corporation $CCL Stock Position Boosted by Albion Financial Group UT

Key Points

• Albion Financial Group UT significantly increased its Carnival position by 23,618.5% in the third quarter, purchasing 47,237 additional shares for a total holding valued at approximately $1.16 million.
• Institutional investors own 67.19% of Carnival’s stock, while analysts maintain a generally positive outlook with a consensus “Moderate Buy” rating and an average price target of $34.14.
• Carnival exceeded quarterly expectations, reporting $1.43 in EPS and $8.44 billion in revenue, up 3.5% year over year. Shares opened at $27.27, below the 12-month high of $34.03.

Albion Financial Group UT grew its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 23,618.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,437 shares of the company's stock after purchasing an additional 47,237 shares during the quarter. Albion Financial Group UT's holdings in Carnival were worth $1,164,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC grew its holdings in 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 acquiring an additional 405 shares during the last quarter. Sims Investment Management LLC increased its stake in shares of Carnival by 0.8% during the first quarter. Sims Investment Management LLC now owns 56,299 shares of the company's stock valued at $1,457,000 after buying an additional 470 shares during the period. Basecamp Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 542 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of 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 acquiring an additional 543 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of 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 acquiring an additional 555 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $28.70 price target on shares of Carnival in a report on Wednesday, September 30th. Stifel Nicolaus decreased their price objective on shares of Carnival from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, September 16th. Freedom Broker upped their price objective on shares of Carnival from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Thursday, October 1st. Barclays dropped their target price on shares of Carnival from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Wednesday, September 16th. Finally, Wells Fargo & Company cut their target price on shares of Carnival from $36.00 to $34.00 and set an "overweight" rating on the stock in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.14.

Carnival Stock Performance

Shares of Carnival stock opened at $27.27 on Thursday. The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $36.67 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.16 and a beta of 2.38. The business has a fifty day simple moving average of $24.72 and a two-hundred day simple moving average of $26.46. Carnival Corporation has a 12 month low of $21.45 and a 12 month high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last announced its 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 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 analysts' expectations of $8.39 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The company'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, equities analysts forecast that Carnival Corporation will post 2.26 earnings per share for the current fiscal year.

About Carnival

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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