Carnival (NYSE:CCL) Director Helen Deeble Sells 25,000 Shares of Stock

Carnival Corporation (NYSE:CCL) Director Helen Deeble sold 25,000 shares of the business’s stock in a transaction on 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 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Carnival Stock Performance

CCL stock traded down $0.01 during trading hours on Friday, reaching $28.83. The stock had a trading volume of 20,801,797 shares, compared to its average volume of 23,793,322. Carnival Corporation has a fifty-two week low of $21.45 and a fifty-two week high of $34.03. The stock has a 50-day simple moving average of $24.78 and a 200 day simple moving average of $27.14. 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 stock has a market capitalization of $38.77 billion, a PE ratio of 12.59, a price-to-earnings-growth 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, topping 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 firm had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The business’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. Analysts predict that Carnival Corporation will post 2.26 EPS for the current fiscal year.

Carnival Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, November 6th. Carnival’s dividend payout ratio is currently 26.20%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CCL shares. Argus decreased their price objective on Carnival from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. Stifel Nicolaus dropped their price target on Carnival from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. JPMorgan Chase & Co. decreased their price objective on Carnival from $43.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, September 24th. Mizuho lowered their target price on shares of Carnival from $39.00 to $38.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Finally, Morgan Stanley upped their price objective on Carnival from $31.00 to $32.50 and gave the company an “overweight” rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.14.

Institutional Investors Weigh In On Carnival

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCL. Provenance Wealth Advisors LLC boosted its holdings in Carnival by 4,616.7% in the third quarter. Provenance Wealth Advisors LLC now owns 10,754 shares of the company’s stock worth $264,000 after acquiring an additional 10,526 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Carnival during the 3rd quarter worth approximately $10,994,000. Landaas & Co. WI ADV boosted its position in shares of Carnival by 84.9% during the 3rd quarter. Landaas & Co. WI ADV now owns 18,100 shares of the company’s stock worth $444,000 after acquiring an additional 8,309 shares in the last quarter. Greenleaf Trust lifted its stake in Carnival by 6.9% in the third quarter. Greenleaf Trust now owns 18,872 shares of the company’s stock valued at $463,000 after buying an additional 1,212 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Carnival during the 3rd quarter worth approximately $7,923,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

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.