Carnival Corporation $CCL Position Boosted by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI grew its position in shares of Carnival Corporation (NYSE:CCL) by 102.0% during the 3rd quarter, Holdings Channel reports. The firm owned 41,103 shares of the company’s stock after purchasing an additional 20,757 shares during the period. Citizens Financial Group Inc. RI’s holdings in Carnival were worth $1,009,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new stake in shares of Carnival in the second quarter valued at $25,000. Axiom Investment Management LLC bought a new position in Carnival during the second quarter valued at about $29,000. Ancora Advisors LLC acquired a new position in Carnival during the second quarter worth about $29,000. Basecamp Wealth Advisors LLC grew its holdings 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 acquiring an additional 542 shares during the period. Finally, Physician Wealth Advisors Inc. grew 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 worth $27,000 after acquiring an additional 589 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

Shares of NYSE:CCL opened at $28.05 on Thursday. The company has a market capitalization of $37.72 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.12 and a beta of 2.38. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.23 and a current ratio of 0.27. The stock has a fifty day moving average of $24.74 and a 200-day moving average of $27.15. Carnival Corporation has a one year low of $21.45 and a one year high of $34.03.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The business had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 EPS. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. As a group, equities analysts anticipate that Carnival Corporation will post 2.26 EPS for the current fiscal year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 6th will be given 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 2.1%. Carnival’s dividend payout ratio (DPR) is 26.20%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Susquehanna dropped their price target on shares of Carnival from $33.00 to $28.00 and set a “positive” rating on the stock in a research report on Wednesday, September 30th. Sanford C. Bernstein restated a “market perform” rating and set a $28.70 price objective on shares of Carnival in a research report on Wednesday, September 30th. Wells Fargo & Company lowered their price objective 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. Barclays dropped their target price on shares of Carnival from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, September 16th. Finally, Weiss Ratings downgraded shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.

Carnival Company Profile

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.