17,422 Carnival Corporation $CCL Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in shares of Carnival Corporation (NYSE:CCL) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 745,218 shares of the company’s stock after purchasing an additional 17,422 shares during the period. Pictet Asset Management Holding SA’s holdings in Carnival were worth $18,288,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Parallel Advisors LLC boosted its stake in Carnival by 2.8% during the third quarter. Parallel Advisors LLC now owns 20,332 shares of the company’s stock valued at $499,000 after buying an additional 559 shares during the last quarter. Alps Advisors Inc. grew its holdings in Carnival by 12.2% during the 3rd quarter. Alps Advisors Inc. now owns 40,181 shares of the company’s stock valued at $986,000 after buying an additional 4,369 shares in the last quarter. Heritage Family Offices LLP bought a new stake in Carnival in the 3rd quarter worth approximately $64,000. Alta Advisers Ltd bought a new stake in Carnival in the 3rd quarter worth approximately $230,000. Finally, Kestra Advisory Services LLC increased its stake in Carnival by 8.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 170,092 shares of the company’s stock worth $4,174,000 after acquiring an additional 13,199 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CCL shares. Loop Capital lowered their target price on Carnival from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. BNP Paribas Exane cut their target price on shares of Carnival from $33.00 to $31.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Morgan Stanley boosted their price target on shares of Carnival from $31.00 to $32.50 and gave the stock an “overweight” rating in a research report on Tuesday, September 29th. Tigress Financial reaffirmed a “buy” rating and set a $42.00 price target on shares of Carnival in a research note on Tuesday, October 13th. Finally, Mizuho lowered their price objective on shares of Carnival from $39.00 to $38.00 and set an “outperform” rating for the company in a research report on Wednesday, September 30th. One research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.16.

Insider Buying and Selling 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. Corporate insiders own 7.90% of the company’s stock.

Carnival Trading Down 0.1%

CCL opened at $30.71 on Thursday. The firm has a market cap of $41.30 billion, a P/E ratio of 13.41, a P/E/G ratio of 1.31 and a beta of 2.48. Carnival Corporation has a 12 month low of $21.45 and a 12 month high of $34.03. The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 1.54. The stock has a 50-day moving average of $25.69 and a 200 day moving average of $27.17.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The business had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’s quarterly revenue 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. As a group, research analysts forecast that Carnival Corporation will post 2.26 EPS for the current year.

Carnival Dividend Announcement

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%.

Carnival Company 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.