Quintet Private Bank Europe S.A. Acquires 43,000 Shares of Carnival Corporation $CCL

Key Points

• Quintet Private Bank Europe acquired 43,000 Carnival shares worth approximately $1.06 million in the third quarter, while other institutional investors also increased their positions. Institutions now own 67.19% of Carnival’s stock.
• Analysts maintain a generally positive outlook, with Carnival receiving a “Moderate Buy” consensus rating and an average price target of $34.14, despite several brokerages recently lowering their targets.
• Carnival shares dipped 0.1% to $26.12. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.43 in EPS and $8.44 billion in revenue, with revenue up 3.5% year over year.

Quintet Private Bank Europe S.A. purchased a new position in Carnival Corporation (NYSE:CCL - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 43,000 shares of the company's stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCL. Whalen Wealth Management Inc. acquired a new position in Carnival in the third quarter worth approximately $270,000. Venture Visionary Partners LLC lifted its holdings in shares of Carnival by 28.8% during the third quarter. Venture Visionary Partners LLC now owns 34,403 shares of the company's stock valued at $844,000 after purchasing an additional 7,697 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Carnival by 800.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 44,656 shares of the company's stock valued at $1,096,000 after purchasing an additional 39,696 shares during the period. QRG Capital Management Inc. increased its stake in Carnival by 36.8% in the 2nd quarter. QRG Capital Management Inc. now owns 572,743 shares of the company's stock worth $16,363,000 after purchasing an additional 154,101 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Carnival by 261.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 91,409 shares of the company's stock worth $2,612,000 after buying an additional 66,100 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CCL. Argus decreased their target price on shares of Carnival from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, October 1st. Melius Research set a $36.00 price objective on shares of Carnival in a research note on Wednesday, June 17th. 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. Stifel Nicolaus reduced their target price on Carnival from $37.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, September 16th. Finally, Tigress Financial raised their target price on Carnival from $40.00 to $42.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. One research 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $34.14.

Carnival Stock Down 0.1%

Shares of NYSE:CCL traded down $0.03 during trading on Thursday, reaching $26.12. 7,984,803 shares of the company traded hands, compared to its average volume of 24,118,305. The firm has a fifty day simple moving average of $25.12 and a 200 day simple moving average of $26.37. 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 1-year low of $21.45 and a 1-year high of $34.03. The firm has a market cap of $35.12 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 1.13 and a beta of 2.38.

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, topping the consensus estimate of $1.35 by $0.08. The business had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%.Carnival's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $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. Analysts anticipate that Carnival Corporation will post 2.27 earnings per share for the current fiscal year.

Carnival Company Profile

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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