40,964 Shares in Carnival Corporation $CCL Purchased by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. bought a new position in Carnival Corporation (NYSE:CCL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 40,964 shares of the company’s stock, valued at approximately $1,005,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Manning & Napier Advisors LLC acquired a new stake in shares of Carnival in the 2nd quarter valued at $25,000. Axiom Investment Management LLC acquired a new position in Carnival during the second quarter worth $29,000. Ancora Advisors LLC acquired a new position in Carnival during the second quarter worth $29,000. Basecamp Wealth Advisors LLC increased its position in Carnival by 107.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock worth $27,000 after buying an additional 542 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in Carnival by 116.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company’s stock valued at $27,000 after buying an additional 589 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays reduced their price target on Carnival from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Wednesday, September 16th. BNP Paribas Exane lowered their price objective on Carnival from $33.00 to $31.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Loop Capital cut their price objective on Carnival from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $28.70 price objective on shares of Carnival in a research note on Wednesday, September 30th. Finally, The Goldman Sachs Group boosted their target price on Carnival from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.16.

Carnival Stock Performance

NYSE:CCL opened at $30.71 on Thursday. The firm has a market capitalization of $41.30 billion, a PE ratio of 13.41, a PEG ratio of 1.31 and a beta of 2.48. Carnival Corporation has a 1 year low of $21.45 and a 1 year high of $34.03. 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’s fifty day simple moving average is $25.69 and its 200 day simple moving average is $27.17.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The business’s 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, sell-side analysts anticipate that Carnival Corporation will post 2.26 EPS for the current year.

Carnival Dividend Announcement

The firm 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 $0.15 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.0%. Carnival’s payout ratio is presently 26.20%.

Insider Activity at Carnival

In related news, Director Helen Deeble sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $27.75, for a total transaction of $693,750.00. Following the completion of the transaction, the director owned 63,505 shares of the company’s stock, valued at approximately $1,762,263.75. The trade was a 28.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.90% of the company’s stock.

Carnival Company Profile

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.