New York State Teachers Retirement System Increases Position in Carnival Corporation $CCL

Key Points

• New York State Teachers Retirement System increased its stake in Carnival by 5.4%, adding 49,979 shares to hold 974,982 shares valued at about $29.78 million (roughly 0.08% of the company).
• A UK court sanctioned Carnival’s DLC unification and redomiciliation (combining Carnival Corporation and Carnival plc and moving from Panama to Bermuda), clearing a major legal step that may simplify structure and improve governance and valuation.
• Wall Street sentiment is a Moderate Buy (21 Buys, 4 Holds, 1 Sell) with a consensus price target of $33.99, though analyst targets vary (Bank of America raised its target to $45).

New York State Teachers Retirement System increased its stake in Carnival Corporation (NYSE:CCL - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 974,982 shares of the company's stock after acquiring an additional 49,979 shares during the period. New York State Teachers Retirement System owned about 0.08% of Carnival worth $29,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. CVA Family Office LLC grew its position in Carnival by 15.6% in the fourth quarter. CVA Family Office LLC now owns 2,597 shares of the company's stock worth $79,000 after acquiring an additional 350 shares in the last quarter. Net Worth Advisory Group grew its position in Carnival by 2.9% in the fourth quarter. Net Worth Advisory Group now owns 12,383 shares of the company's stock worth $378,000 after acquiring an additional 354 shares in the last quarter. Triad Wealth Partners LLC grew its position in Carnival by 2.1% in the fourth quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company's stock worth $533,000 after acquiring an additional 358 shares in the last quarter. Commonwealth Financial Services LLC grew its position in Carnival by 3.6% in the third quarter. Commonwealth Financial Services LLC now owns 10,957 shares of the company's stock worth $317,000 after acquiring an additional 379 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in Carnival by 1.9% in the third quarter. Brooklyn Investment Group now owns 21,363 shares of the company's stock worth $618,000 after acquiring an additional 396 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CCL shares. Mizuho upped their target price on shares of Carnival from $38.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, March 27th. HSBC raised shares of Carnival from a "hold" rating to a "buy" rating and lowered their price target for the stock from $33.60 to $30.10 in a research note on Monday, March 30th. Zacks Research downgraded shares of Carnival from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 16th. Wall Street Zen downgraded shares of Carnival from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Finally, Bank of America boosted their price target on shares of Carnival from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, January 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $33.99.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: UK court sanctioned Carnival’s DLC Unification and redomiciliation, clearing a major legal step to combine Carnival Corporation and Carnival plc and redomicile from Panama to Bermuda — this reduces structural complexity and may improve corporate governance, investor access and valuation multiple. Court Sanction of Scheme of Arrangement
• Positive Sentiment: An analyst note set a $33.99 target for CCL, signaling upside from current levels and potentially supporting buying interest if other catalysts align. Analysts Set Carnival Corporation NYSE: CCL Target Price at $33.99
• Positive Sentiment: Holland America Line (a Carnival brand) disclosed extended 2028 Grand Voyage itineraries (long, premium cruises) — a product upgrade that supports higher‑yield inventory and brand strength over time. Holland America Line Charts Six Continents and Rare and Renowned Ports in 2028 Grand Voyages
• Neutral Sentiment: Coverage pieces note Wall Street optimism toward Carnival; these editorial/analyst summaries can move sentiment but often lack immediate operational impact. Wall Street Bulls Look Optimistic About Carnival (CCL): Should You Buy?
• Neutral Sentiment: Market writeups explaining why CCL is trading up summarize recent catalysts (court sanction, analyst notes); they reinforce momentum but don't add new fundamentals. Why Carnival (CCL) stock is trading up today
• Negative Sentiment: Analysts and comparisons to peers (e.g., Booking Holdings) highlight persistent risks for Carnival — fuel cost volatility, macro/currency exposure and discretionary‑spending sensitivity — which could pressure margins and multiples. Carnival vs. Booking: Which Travel Stock Holds the Stronger Position?
• Negative Sentiment: Recent intraday/near‑term pullbacks have occurred (reports of a recent dip), underscoring short‑term volatility and sensitivity to broader market moves. Carnival (CCL) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Carnival Stock Performance

Carnival stock opened at $26.67 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. The company has a market capitalization of $33.04 billion, a PE ratio of 11.85, a P/E/G ratio of 1.17 and a beta of 2.33. The firm has a fifty day simple moving average of $27.02 and a two-hundred day simple moving average of $28.33. Carnival Corporation has a twelve month low of $19.02 and a twelve month high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. Research analysts expect that Carnival Corporation will post 2.23 EPS for the current year.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 11,988 shares of the company's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the transaction, the director directly owned 52,601 shares of the company's stock, valued at approximately $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.90% of the company's stock.

About Carnival

Carnival Corporation NYSE: CCL is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company's core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.

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