Sumitomo Mitsui DS Asset Management Company Ltd Purchases 49,814 Shares of Carnival Corporation $CCL

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Carnival Corporation (NYSE:CCL) by 29.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 220,649 shares of the company’s stock after acquiring an additional 49,814 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Carnival were worth $5,415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Retirement Planning Group LLC purchased a new stake in Carnival in the 3rd quarter valued at about $247,000. Brown Lisle Cummings Inc. boosted its stake in shares of Carnival by 26,762.5% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 4,298 shares of the company’s stock worth $105,000 after buying an additional 4,282 shares during the last quarter. Elevated Financial Group LLC grew its holdings in shares of Carnival by 15.0% in the third quarter. Elevated Financial Group LLC now owns 24,144 shares of the company’s stock valued at $592,000 after acquiring an additional 3,146 shares in the last quarter. Frank Rimerman Advisors LLC grew its holdings in shares of Carnival by 56.9% in the third quarter. Frank Rimerman Advisors LLC now owns 24,330 shares of the company’s stock valued at $597,000 after acquiring an additional 8,824 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in shares of Carnival by 29.8% during the third quarter. TD Waterhouse Canada Inc. now owns 42,653 shares of the company’s stock valued at $1,047,000 after acquiring an additional 9,804 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Stock Performance

Shares of CCL opened at $27.27 on Thursday. Carnival Corporation has a 52-week low of $21.45 and a 52-week high of $34.03. The stock’s 50-day simple moving average is $24.72 and its 200 day simple moving average is $26.46. 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 market capitalization of $36.67 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 1.16 and a beta of 2.38.

Carnival (NYSE:CCL) last announced its quarterly earnings results 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 return on equity of 24.83% and a net margin of 11.37%. The firm had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’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. Research analysts forecast that Carnival Corporation will post 2.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CCL. Tigress Financial reiterated a “buy” rating and set a $42.00 price target on shares of Carnival in a report on Tuesday, October 13th. 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 note on Wednesday, September 16th. Mizuho reduced their price objective on Carnival from $39.00 to $38.00 and set an “outperform” rating for the company in a research note on Wednesday, September 30th. Wells Fargo & Company decreased their target price on Carnival from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Finally, Morgan Stanley lifted their target price on Carnival from $31.00 to $32.50 and gave the stock an “overweight” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.14.

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.