448,023 Shares of Carnival Corporation $CCL Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in Carnival Corporation (NYSE:CCL) in the third quarter, Holdings Channel.com reports. The firm bought 448,023 shares of the company’s stock, valued at approximately $10,994,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Landaas & Co. WI ADV boosted its position in Carnival by 84.9% in the third quarter. Landaas & Co. WI ADV now owns 18,100 shares of the company’s stock valued at $444,000 after buying an additional 8,309 shares in the last quarter. Greenleaf Trust grew its stake in shares of Carnival by 6.9% during the third quarter. Greenleaf Trust now owns 18,872 shares of the company’s stock worth $463,000 after buying an additional 1,212 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Carnival in the 3rd quarter valued at $7,923,000. ProShare Advisors LLC lifted its stake in shares of Carnival by 5.8% in the 3rd quarter. ProShare Advisors LLC now owns 266,442 shares of the company’s stock valued at $6,538,000 after acquiring an additional 14,695 shares during the last quarter. Finally, Lebenthal Global Advisors LLC lifted its stake in shares of Carnival by 71.0% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 52,239 shares of the company’s stock valued at $1,282,000 after acquiring an additional 21,696 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Insider Transactions at Carnival

In other news, Director Helen Deeble sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $27.75, for a total value of $693,750.00. Following the completion of the sale, the director owned 63,505 shares in the company, valued at $1,762,263.75. This represents a 28.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 7.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BNP Paribas Exane reduced their price objective on Carnival from $33.00 to $31.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 30th. Argus lowered their target price on Carnival from $35.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, October 1st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $28.70 target price on shares of Carnival in a research report on Wednesday, September 30th. Freedom Broker lifted their price target on Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Finally, BMO Capital Markets initiated coverage on Carnival in a report on Tuesday, July 7th. They set a “market perform” rating and a $30.00 price target on the stock. One 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.16.

Carnival Trading Up 4.1%

NYSE:CCL opened at $30.01 on Tuesday. The firm’s fifty day moving average is $24.94 and its 200-day moving average is $27.12. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.23 and a current ratio of 0.27. Carnival Corporation has a 52 week low of $21.45 and a 52 week high of $34.03. The firm has a market cap of $40.36 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.20 and a beta of 2.38.

Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $8.39 billion. During the same quarter in the previous year, the business posted $1.43 EPS. Carnival’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. Equities analysts expect that Carnival Corporation will post 2.26 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.0%. Carnival’s payout ratio is presently 26.20%.

About Carnival

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.