Carnival Corporation $CCL Stock: State of Alaska Department of Revenue Boosts Stake

State of Alaska Department of Revenue boosted its stake in Carnival Corporation (NYSE:CCL) by 19.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,985 shares of the company’s stock after buying an additional 24,937 shares during the quarter. State of Alaska Department of Revenue’s holdings in Carnival were worth $3,705,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Auto Owners Insurance Co lifted its stake in shares of Carnival by 2,954.0% during the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock valued at $60,625,000 after acquiring an additional 19,201,000 shares during the period. Envestnet Asset Management Inc. increased its position in Carnival by 330.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,827,261 shares of the company’s stock worth $109,345,000 after purchasing an additional 2,938,650 shares during the period. Amundi increased its position in 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 purchasing an additional 2,723,171 shares during the period. Assenagon Asset Management S.A. increased its position in Carnival by 110.9% in the first quarter. Assenagon Asset Management S.A. now owns 4,206,941 shares of the company’s stock worth $108,876,000 after purchasing an additional 2,212,548 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Carnival by 3,458.1% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,527,262 shares of the company’s stock worth $39,526,000 after purchasing an additional 1,484,338 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Performance

CCL stock opened at $25.90 on Friday. The business’s fifty day moving average is $24.77 and its 200-day moving average is $26.42. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 1.54. The company has a market cap of $34.82 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.11 and a beta of 2.38. Carnival Corporation has a twelve month low of $21.45 and a twelve month high of $34.03.

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 the consensus estimate 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 last year, the company earned $1.43 EPS. The firm’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. Equities research analysts forecast that Carnival Corporation will post 2.26 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on CCL. Morgan Stanley upped their target price on shares of Carnival from $31.00 to $32.50 and gave the company an “overweight” rating in a research report on Tuesday, September 29th. UBS Group reaffirmed a “buy” rating and issued a $36.00 target price on shares of Carnival in a research note on Wednesday, September 30th. Susquehanna lowered their price target on shares of Carnival from $33.00 to $28.00 and set a “positive” rating for the company in a research report on Wednesday, September 30th. Sanford C. Bernstein reiterated a “market perform” rating and set a $28.70 price target on shares of Carnival in a research report on Wednesday, September 30th. Finally, Freedom Broker boosted their price target on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Carnival has a consensus rating of “Moderate Buy” and a consensus target price of $34.14.

Carnival Company 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.