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

Quintet Private Bank Europe S.A. purchased a new position in Carnival Corporation (NYSE:CCL) in the third quarter, Holdings Channel reports. The fund purchased 43,000 shares of the company’s stock, valued at approximately $1,055,000.

A number of other hedge funds have also made changes to their positions in the stock. Nuveen LLC lifted its holdings in Carnival by 1.4% in the 4th quarter. Nuveen LLC now owns 26,729,524 shares of the company’s stock worth $816,320,000 after purchasing an additional 364,529 shares during the last quarter. Auto Owners Insurance Co lifted its stake in shares of Carnival by 2,954.0% in the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock worth $60,625,000 after buying an additional 19,201,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Carnival by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,904,029 shares of the company’s stock worth $411,372,000 after buying an additional 834,885 shares during the period. Amundi boosted its holdings in shares of Carnival by 67.3% during the 2nd 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. Finally, Pacer Advisors Inc. grew its stake in Carnival by 2,432.8% in the 4th quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock valued at $204,311,000 after buying an additional 6,425,822 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Performance

Carnival stock traded down $0.03 during trading hours on Thursday, hitting $26.12. The stock had a trading volume of 7,984,803 shares, compared to its average volume of 24,118,305. The company has a 50-day moving average of $25.12 and a two-hundred day 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 fifty-two week low of $21.45 and a fifty-two week high of $34.03. The company has a market cap of $35.12 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.13 and a beta of 2.38.

Carnival (NYSE:CCL) last issued 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 return on equity of 24.83% and a net margin of 11.37%.The business had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the prior year, the company posted $1.43 earnings per share. Carnival’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, equities research analysts anticipate that Carnival Corporation will post 2.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Tigress Financial boosted their target price on shares of Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. Melius Research set a $36.00 price objective on Carnival in a research note on Wednesday, June 17th. Susquehanna decreased their target price on Carnival from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Wednesday, September 30th. UBS Group reaffirmed a “buy” rating and issued a $36.00 target price on shares of Carnival in a report on Wednesday, September 30th. Finally, Citigroup lifted their price target on Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.14.

Carnival 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.