Rakuten Investment Management Inc. Acquires 228,182 Shares of Carnival Corporation $CCL

Key Points

• Rakuten Investment Management opened a new Carnival position, acquiring 228,182 shares worth approximately $5.73 million in the third quarter.
• Institutional ownership remains substantial, at 67.19% of shares; several major investors, including Amundi and Hound Partners, increased their stakes.
• Analysts give Carnival a “Moderate Buy” consensus with an average price target of $34.16. The company beat quarterly earnings and revenue estimates and declared a $0.15-per-share quarterly dividend.

Rakuten Investment Management Inc. acquired a new stake in Carnival Corporation (NYSE:CCL - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 228,182 shares of the company's stock, valued at approximately $5,730,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Carnival by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 15,904,029 shares of the company's stock valued at $411,372,000 after purchasing an additional 834,885 shares during the last quarter. Amundi lifted its position in Carnival by 67.3% during the second quarter. Amundi now owns 6,770,304 shares of the company's stock worth $193,428,000 after buying an additional 2,723,171 shares during the period. Bank of New York Mellon Corp lifted its position in Carnival by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 5,608,651 shares of the company's stock worth $145,152,000 after buying an additional 278,758 shares during the period. Assenagon Asset Management S.A. boosted its stake in Carnival by 11.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,687,038 shares of the company's stock worth $133,909,000 after buying an additional 480,097 shares during the last quarter. Finally, Hound Partners LLC boosted its stake in Carnival by 27.9% in the 1st quarter. Hound Partners LLC now owns 4,514,839 shares of the company's stock worth $116,844,000 after buying an additional 985,772 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Mizuho lowered their price target on Carnival from $39.00 to $38.00 and set an "outperform" rating for the company in a report on Wednesday, September 30th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $28.70 price objective on shares of Carnival in a research note on Wednesday, September 30th. Morgan Stanley increased their price objective on shares of Carnival from $31.00 to $32.50 and gave the stock an "overweight" rating in a report on Tuesday, September 29th. Argus cut their price objective on shares of Carnival from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday, October 1st. Finally, Barclays decreased their target price on shares of Carnival from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, Carnival currently has a consensus rating of "Moderate Buy" and an average price target of $34.16.

Insider Activity at Carnival

In other news, Director Helen Deeble sold 25,000 shares of the firm's stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $27.75, for a total value of $693,750.00. Following the transaction, the director directly owned 63,505 shares in the company, valued at $1,762,263.75. This trade represents a 28.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.90% of the stock is currently owned by company insiders.

Carnival Trading Down 5.6%

CCL stock opened at $29.55 on Friday. The company has a market cap of $39.74 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.34 and a beta of 2.48. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 1.54. The business has a fifty day simple moving average of $25.19 and a 200-day simple moving average of $27.13. Carnival Corporation has a 52 week low of $21.45 and a 52 week high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last issued its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, topping 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 business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same period last year, the company posted $1.43 EPS. 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, equities research analysts expect that Carnival Corporation will post 2.26 EPS for the current year.

Carnival Announces Dividend

The company 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 dividend of $0.15 per share. The ex-dividend date is Friday, November 6th. This represents a $0.60 annualized dividend and a yield of 2.0%. Carnival's dividend payout ratio is currently 26.20%.

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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