Carnival Corporation $CCL Shares Newly Acquired by Leuthold Group LLC

Leuthold Group LLC purchased a new stake in shares of Carnival Corporation (NYSE:CCL) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 49,038 shares of the company’s stock, valued at approximately $1,203,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in shares of Carnival in the first quarter worth approximately $1,732,000. National Pension Service boosted its holdings in Carnival by 8.7% during the 2nd quarter. National Pension Service now owns 3,228,771 shares of the company’s stock valued at $92,246,000 after acquiring an additional 258,460 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Carnival during the 2nd quarter valued at $15,383,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Carnival in the 2nd quarter valued at $10,888,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Carnival by 75.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 191,592 shares of the company’s stock valued at $5,474,000 after acquiring an additional 82,328 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Price Performance

Shares of CCL stock opened at $30.73 on Wednesday. Carnival Corporation has a twelve month low of $21.45 and a twelve month high of $34.03. The stock has a market capitalization of $41.33 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.32 and a beta of 2.48. The stock has a fifty day simple moving average of $25.54 and a two-hundred day simple moving average of $27.16. The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 1.54.

Carnival (NYSE:CCL) last posted its quarterly 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 the consensus estimate of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, analysts predict that Carnival Corporation will post 2.26 EPS for the current fiscal year.

Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, November 6th. Carnival’s dividend payout ratio is presently 26.20%.

Insider Transactions at Carnival

In other Carnival news, Director Helen Deeble sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $27.75, for a total transaction of $693,750.00. Following the transaction, the director owned 63,505 shares of the company’s stock, valued at approximately $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 at this hyperlink. 7.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CCL shares. Argus reduced their target price on Carnival from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Stifel Nicolaus lowered their target price on shares of Carnival from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. JPMorgan Chase & Co. upped their price target on shares of Carnival from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, September 30th. Citigroup reduced their price target on shares of Carnival from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Finally, Mizuho decreased their price objective on shares of Carnival from $39.00 to $38.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.16.

About Carnival

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.