Carnival Corporation $CCL Stock: State of Alaska Department of Revenue Increases Holdings

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

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC grew its holdings in Carnival by 66.4% during the second quarter. Ancora Advisors LLC now owns 1,015 shares of the company’s stock valued at $29,000 after purchasing an additional 405 shares during the period. Sims Investment Management LLC raised its holdings in Carnival by 0.8% in the first quarter. Sims Investment Management LLC now owns 56,299 shares of the company’s stock worth $1,457,000 after purchasing an additional 470 shares during the period. Basecamp Wealth Advisors LLC raised its holdings in Carnival by 107.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock worth $27,000 after purchasing an additional 542 shares during the period. CoreCap Advisors LLC raised its holdings in Carnival by 22.7% in the second quarter. CoreCap Advisors LLC now owns 2,932 shares of the company’s stock worth $84,000 after purchasing an additional 543 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of Carnival by 6.6% during the first quarter. Parallel Advisors LLC now owns 9,017 shares of the company’s stock worth $233,000 after purchasing an additional 555 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CCL shares. BMO Capital Markets began coverage on shares of Carnival in a report on Tuesday, July 7th. They issued a “market perform” rating and a $30.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Carnival from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Morgan Stanley raised their price objective on Carnival from $31.00 to $32.50 and gave the stock an “overweight” rating in a research note on Tuesday, September 29th. Freedom Broker raised their price objective on Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Finally, UBS Group reiterated a “buy” rating and set a $36.00 target price on shares of Carnival in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.14.

Carnival Price Performance

Shares of CCL opened at $25.90 on Friday. 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 stock has a 50 day simple moving average of $24.77 and a 200 day simple moving average of $26.42. 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 $34.82 billion, a PE ratio of 11.31, a P/E/G ratio of 1.11 and a beta of 2.38.

Carnival (NYSE:CCL) last posted its 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 during the quarter, compared to analysts’ expectations of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. Carnival’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business 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. Sell-side analysts predict that Carnival Corporation will post 2.26 EPS for the current fiscal year.

About Carnival

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.