Leuthold Group LLC Buys 49,038 Shares of Carnival Corporation $CCL

Leuthold Group LLC bought a new position in Carnival Corporation (NYSE:CCL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 49,038 shares of the company’s stock, valued at approximately $1,203,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCL. Manning & Napier Advisors LLC bought a new stake in Carnival in the 2nd quarter valued at $25,000. Basecamp Wealth Advisors LLC boosted its holdings in shares of Carnival by 107.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after purchasing an additional 542 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Carnival by 116.9% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company’s stock valued at $27,000 after purchasing an additional 589 shares during the last quarter. Axiom Investment Management LLC purchased a new position in shares of Carnival during the second quarter valued at about $29,000. Finally, Ancora Advisors LLC purchased a new position in shares of Carnival during the second quarter valued at about $29,000. Institutional investors own 67.19% of the company’s stock.

Carnival Stock Down 0.2%

Shares of NYSE CCL opened at $30.73 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 1.54. Carnival Corporation has a 12-month low of $21.45 and a 12-month high of $34.03. The firm’s 50-day moving average price is $25.54 and its 200-day moving average price is $27.16. The stock has a market capitalization of $41.33 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.32 and a beta of 2.48.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, September 29th. The company reported $1.43 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 company had revenue of $8.44 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the business posted $1.43 earnings per share. 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. On average, equities research analysts anticipate that Carnival Corporation will post 2.26 EPS for the current fiscal 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 issued a $0.15 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.0%. Carnival’s payout ratio is 26.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CCL shares. Barclays decreased their target price on Carnival from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 16th. Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Truist Financial lifted their price objective on Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Mizuho decreased their price objective on Carnival from $39.00 to $38.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Finally, HSBC decreased their price objective on Carnival from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Carnival currently 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 business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $27.75, for a total transaction of $693,750.00. Following the transaction, the director owned 63,505 shares of the company’s stock, valued at approximately $1,762,263.75. The trade was a 28.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 7.90% of the company’s stock.

Carnival 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.