Mirae Asset Global Investments Co. Ltd. Acquires 322,847 Shares of Carnival Corporation $CCL

Mirae Asset Global Investments Co. Ltd. acquired a new position in Carnival Corporation (NYSE:CCL) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 322,847 shares of the company’s stock, valued at approximately $7,923,000.

A number of other large investors have also recently bought and sold shares of CCL. Dimensional Fund Advisors LP increased its position in Carnival by 5.5% during the first 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 last quarter. Amundi lifted its position in shares of Carnival by 67.3% in 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 last quarter. Bank of New York Mellon Corp lifted its position in shares of Carnival by 5.2% in 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 last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Carnival by 11.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,687,038 shares of the company’s stock worth $133,909,000 after acquiring an additional 480,097 shares in the last quarter. Finally, Hound Partners LLC boosted its stake in shares of Carnival by 27.9% during the 1st quarter. Hound Partners LLC now owns 4,514,839 shares of the company’s stock worth $116,844,000 after acquiring an additional 985,772 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Carnival news, Director Helen Deeble sold 25,000 shares of Carnival stock in a transaction that occurred on 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 of the company’s stock, valued at $1,762,263.75. The trade was a 28.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.90% of the stock is currently owned by corporate insiders.

Carnival Stock Up 7.3%

CCL stock opened at $31.32 on Thursday. The stock has a market capitalization of $42.11 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.25 and a beta of 2.48. The company has a 50-day moving average of $25.11 and a two-hundred day moving average of $27.12. Carnival Corporation has a 52-week low of $21.45 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $8.39 billion. During the same period in the previous year, the company posted $1.43 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Carnival Corporation will post 2.26 EPS for the current 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 $0.15 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.60 dividend on an annualized basis and a yield of 1.9%. Carnival’s dividend payout ratio (DPR) is 26.20%.

Analyst Ratings Changes

A number of brokerages have recently commented on CCL. 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. Deutsche Bank Aktiengesellschaft set a $32.00 target price on Carnival in a report on Tuesday, September 22nd. Wells Fargo & Company decreased their target price on Carnival from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Susquehanna lowered their price target on Carnival from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Wednesday, September 30th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $28.70 price target on shares of Carnival in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.16.

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.