Carnival Corporation $CCL Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in shares of Carnival Corporation (NYSE:CCL) by 3.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 588,832 shares of the company’s stock after acquiring an additional 16,949 shares during the period. Illinois Municipal Retirement Fund’s holdings in Carnival were worth $14,450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCL. Ancora Advisors LLC boosted its position in shares of Carnival by 66.4% in the 2nd quarter. Ancora Advisors LLC now owns 1,015 shares of the company’s stock worth $29,000 after purchasing an additional 405 shares in the last quarter. Basecamp Wealth Advisors LLC grew its stake in shares of Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock worth $27,000 after buying an additional 542 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of Carnival by 22.7% in the 2nd quarter. CoreCap Advisors LLC now owns 2,932 shares of the company’s stock worth $84,000 after buying an additional 543 shares during the last quarter. Parallel Advisors LLC increased its position in Carnival by 6.6% during the 1st quarter. Parallel Advisors LLC now owns 9,017 shares of the company’s stock valued at $233,000 after buying an additional 555 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its position in 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 buying an additional 589 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

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

Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.08. The business had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. 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, equities research analysts anticipate that Carnival Corporation will post 2.26 earnings per share for the current fiscal year.

Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.0%. Carnival’s dividend payout ratio (DPR) is presently 26.20%.

Insider Buying and Selling at Carnival

In other news, Director Helen Deeble sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $27.75, for a total value of $693,750.00. Following the completion of the transaction, the director owned 63,505 shares in the company, valued at $1,762,263.75. The trade was a 28.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CCL shares. Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. HSBC reduced their price target on Carnival from $31.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. UBS Group reaffirmed a “buy” rating and issued a $36.00 price target on shares of Carnival in a research report on Wednesday, September 30th. Tigress Financial reiterated a “buy” rating and issued a $42.00 price target on shares of Carnival in a research note on Tuesday, October 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Carnival from $39.00 to $41.00 and gave the company an “overweight” rating in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.16.

About Carnival

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.