Carnival Corporation $CCL Stock Position Reduced by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Carnival Corporation (NYSE:CCL) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,629,420 shares of the company’s stock after selling 62,073 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Carnival were worth $64,526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Manning & Napier Advisors LLC bought a new stake in shares of Carnival in the second quarter worth about $25,000. Axiom Investment Management LLC purchased a new stake in shares of Carnival in the second quarter worth about $29,000. Ancora Advisors LLC purchased a new stake in shares of Carnival in the second quarter worth about $29,000. Basecamp Wealth Advisors LLC boosted its stake in Carnival by 107.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after buying an additional 542 shares during the last quarter. Finally, Physician Wealth Advisors Inc. boosted its stake in Carnival by 116.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company’s stock valued at $27,000 after buying an additional 589 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCL. Weiss Ratings lowered shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Freedom Broker increased their price objective on shares of Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 1st. Morgan Stanley lifted their price objective on shares of Carnival from $31.00 to $32.50 and gave the stock an “overweight” rating in a research note on Tuesday, September 29th. Loop Capital reduced their target price on shares of Carnival from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Finally, Tigress Financial restated a “buy” rating and issued a $42.00 target price on shares of Carnival in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.16.

Insider Activity at Carnival

In other news, Director Helen Deeble sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were 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 in the company, valued at approximately $1,762,263.75. This represents a 28.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.90% of the company’s stock.

Carnival Price Performance

Shares of CCL stock opened at $29.18 on Wednesday. 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 quick ratio of 0.23 and a current ratio of 0.27. The firm has a market capitalization of $39.23 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.28 and a beta of 2.48. The stock has a 50 day moving average price of $25.01 and a 200 day moving average price of $27.11.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 EPS for the quarter, beating 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 company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the company posted $1.43 EPS. Carnival’s quarterly 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. As a group, sell-side analysts predict that Carnival Corporation will post 2.26 earnings per share for the current year.

Carnival Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, November 6th. Carnival’s payout ratio is currently 26.20%.

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.