Kornitzer Capital Management Inc. KS Acquires Shares of 260,300 Carnival Corporation $CCL

Kornitzer Capital Management Inc. KS bought a new position in shares of Carnival Corporation (NYSE:CCL) during the third quarter, according to its most recent filing with the SEC. The fund bought 260,300 shares of the company’s stock, valued at approximately $7,525,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Carnival by 6.0% in the second quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company’s stock valued at $3,561,777,000 after acquiring an additional 7,157,739 shares during the last quarter. Holocene Advisors LP raised its stake in shares of Carnival by 184.3% in the second quarter. Holocene Advisors LP now owns 10,289,947 shares of the company’s stock valued at $289,353,000 after buying an additional 6,669,935 shares during the period. 59 North Capital Management LP lifted its position in shares of Carnival by 117.1% during the 2nd quarter. 59 North Capital Management LP now owns 7,704,185 shares of the company’s stock valued at $216,642,000 after buying an additional 4,155,630 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Carnival by 1,945.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,170,268 shares of the company’s stock worth $120,562,000 after acquiring an additional 3,966,422 shares during the period. Finally, Sei Investments Co. raised its stake in Carnival by 127.0% in the 2nd quarter. Sei Investments Co. now owns 4,408,963 shares of the company’s stock valued at $123,980,000 after acquiring an additional 2,466,296 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

CCL opened at $28.71 on Wednesday. The stock’s 50 day moving average price is $28.66 and its 200-day moving average price is $29.18. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $32.89. The stock has a market capitalization of $33.51 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.05 and a beta of 2.51. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Friday, December 19th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Carnival had a net margin of 10.37% and a return on equity of 28.39%. The business had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. On average, equities research analysts predict that Carnival Corporation will post 1.77 EPS for the current year.

Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. Carnival’s payout ratio is currently 30.00%.

Analyst Ratings Changes

CCL has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Carnival from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Monday, December 22nd. TD Cowen reiterated a “buy” rating on shares of Carnival in a research report on Tuesday, January 13th. Zacks Research raised Carnival from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Susquehanna increased their price target on shares of Carnival from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Tuesday, December 16th. Finally, Tigress Financial raised their price objective on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Carnival Company Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.