Cabot Wealth Management Inc. Acquires New Stake in Carnival Corporation $CCL

Cabot Wealth Management Inc. acquired a new position in Carnival Corporation (NYSE:CCL) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 40,964 shares of the company’s stock, valued at approximately $1,005,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jacobi Capital Management LLC bought a new stake in Carnival in the 3rd quarter valued at $32,000. First Command Advisory Services Inc. increased its holdings in shares of Carnival by 46.7% during the 3rd quarter. First Command Advisory Services Inc. now owns 5,699 shares of the company’s stock worth $140,000 after purchasing an additional 1,814 shares during the period. Machina Capital S.A.S. increased its holdings in shares of Carnival by 30.6% during the 3rd quarter. Machina Capital S.A.S. now owns 72,970 shares of the company’s stock worth $1,791,000 after purchasing an additional 17,087 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Carnival by 3.0% during the third quarter. Illinois Municipal Retirement Fund now owns 588,832 shares of the company’s stock valued at $14,450,000 after buying an additional 16,949 shares during the last quarter. Finally, Lido Advisors LLC raised its position in shares of Carnival by 5.9% during the third quarter. Lido Advisors LLC now owns 119,613 shares of the company’s stock valued at $2,935,000 after buying an additional 6,645 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Trading Down 0.1%

Shares of Carnival stock opened at $30.71 on Thursday. Carnival Corporation has a 52-week low of $21.45 and a 52-week high of $34.03. The firm has a market capitalization of $41.30 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 1.31 and a beta of 2.48. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23. The company’s fifty day moving average price is $25.69 and its two-hundred day moving average price is $27.17.

Carnival (NYSE:CCL) last released 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 net margin of 11.37% and a return on equity of 24.83%. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. 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 expect that Carnival Corporation will post 2.26 EPS for the current year.

Carnival Dividend Announcement

The firm 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. This represents a $0.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 6th. Carnival’s dividend payout ratio is 26.20%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial increased their target price on shares of Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Tigress Financial restated a “buy” rating and set a $42.00 price target on shares of Carnival in a research note on Tuesday, October 13th. Weiss Ratings lowered Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. Susquehanna cut their price target on Carnival from $33.00 to $28.00 and set a “positive” rating for the company in a report on Wednesday, September 30th. Finally, Stifel Nicolaus reduced their price objective on Carnival from $37.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, September 16th. 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.16.

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 completion of the transaction, the director owned 63,505 shares in the company, valued at $1,762,263.75. This trade represents a 28.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.90% of the stock is owned by company insiders.

Carnival Company Profile

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.