North Dakota State Investment Board Makes New $959,000 Investment in Carnival Corporation $CCL

North Dakota State Investment Board bought a new position in Carnival Corporation (NYSE:CCL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 39,067 shares of the company’s stock, valued at approximately $959,000.

Several other hedge funds have also made changes to their positions in CCL. Ancora Advisors LLC grew its position in shares of Carnival by 66.4% during the 2nd quarter. Ancora Advisors LLC now owns 1,015 shares of the company’s stock worth $29,000 after buying an additional 405 shares in the last quarter. Basecamp Wealth Advisors LLC increased its stake in shares of Carnival by 107.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after buying an additional 542 shares during the period. CoreCap Advisors LLC raised its holdings in shares of Carnival by 22.7% in the second quarter. CoreCap Advisors LLC now owns 2,932 shares of the company’s stock valued at $84,000 after acquiring an additional 543 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Carnival by 6.6% in the first quarter. Parallel Advisors LLC now owns 9,017 shares of the company’s stock valued at $233,000 after acquiring an additional 555 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Carnival by 116.9% in the third quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company’s stock valued at $27,000 after acquiring an additional 589 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Carnival news, Director Helen Deeble sold 25,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 63,505 shares in the company, valued at approximately $1,762,263.75. The trade was a 28.25% decrease in their ownership of the stock. The sale 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.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CCL shares. Stifel Nicolaus lowered their price objective on shares of Carnival from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Morgan Stanley raised their target price on shares of Carnival from $31.00 to $32.50 and gave the company an “overweight” rating in a research report on Tuesday, September 29th. Tigress Financial restated a “buy” rating and issued a $42.00 price target on shares of Carnival in a report on Tuesday, October 13th. BMO Capital Markets started coverage on shares of Carnival in a research report on Tuesday, July 7th. They issued a “market perform” rating and a $30.00 price target for the company. Finally, TD Cowen dropped their price objective on shares of Carnival from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.14.

Carnival Trading Down 0.0%

Shares of NYSE:CCL opened at $28.83 on Friday. The company has a market capitalization of $38.77 billion, a PE ratio of 12.59, a P/E/G ratio of 1.23 and a beta of 2.38. The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 1.54. Carnival Corporation has a 12-month low of $21.45 and a 12-month high of $34.03. The business’s fifty day simple moving average is $24.85 and its 200-day simple moving average is $27.12.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $8.44 billion during 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 business 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 predict that Carnival Corporation will post 2.26 earnings per share for the current fiscal year.

Carnival Announces Dividend

The company 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 is Friday, November 6th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Carnival’s payout ratio is currently 26.20%.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Dividend reinforces shareholder-return story: Carnival’s board declared a quarterly dividend of $0.15 per share. The announcement has renewed investor interest, particularly because shares have rallied 26.7% over the past month while still showing a year-to-date decline, suggesting potential recovery room. Carnival Could Be 25% Undervalued Following Its Fresh Dividend Declaration
• Positive Sentiment: Positive read-through from cruise peers: Norwegian Cruise Line’s stronger-than-expected results and improved full-year outlook lifted the broader cruise group, while Royal Caribbean also advanced. The results suggest resilient travel demand and improving operating trends across the industry, benefiting Carnival by association. Norwegian Surges as Earnings Beat Lifts Full-Year Outlook
• Positive Sentiment: Fleet investment supports guest experience: Princess Cruises, Carnival’s brand, completed a two-week drydock renovation of Royal Princess, adding a Sanctuary Collection and upgrading dining, entertainment, casino and retail areas. These enhancements could support pricing, customer satisfaction and onboard revenue over time. Royal Princess Emerges from Drydock with New Sanctuary Collection
• Neutral Sentiment: Fuel management remains a key swing factor: Carnival’s strategy emphasizes reducing fuel consumption, while competitors rely more heavily on hedging. Lower consumption could protect margins if fuel prices remain elevated, but the issue remains an important source of operating-cost uncertainty. Cruise Companies Aim to Keep Fuel Costs Down
• Negative Sentiment: Director’s stock sale adds a cautionary signal: Director Helen Deeble sold 25,000 Carnival shares for approximately $693,750, reducing her direct ownership by 28.25%. While the transaction does not change Carnival’s fundamentals, insider selling can weigh on sentiment, particularly after the recent share-price rebound. Carnival Director Form 4 Filing

Carnival 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.