Titleist Asset Management LLC Sells 29,000 Shares of Carnival Corporation $CCL

Titleist Asset Management LLC reduced its stake in shares of Carnival Corporation (NYSE:CCL) by 27.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 77,332 shares of the company’s stock after selling 29,000 shares during the quarter. Titleist Asset Management LLC’s holdings in Carnival were worth $2,236,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. REAP Financial Group LLC grew its holdings in Carnival by 10.5% during the second quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock valued at $103,000 after purchasing an additional 349 shares during the period. Commonwealth Financial Services LLC boosted its position in shares of Carnival by 3.6% during the third quarter. Commonwealth Financial Services LLC now owns 10,957 shares of the company’s stock worth $317,000 after purchasing an additional 379 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Carnival by 0.3% in the 3rd quarter. CIBC Asset Management Inc now owns 147,728 shares of the company’s stock valued at $4,271,000 after buying an additional 398 shares during the period. HighPoint Advisor Group LLC increased its position in shares of Carnival by 2.8% in the 3rd quarter. HighPoint Advisor Group LLC now owns 15,967 shares of the company’s stock valued at $462,000 after buying an additional 429 shares in the last quarter. Finally, World Investment Advisors raised its stake in Carnival by 3.1% during the 3rd quarter. World Investment Advisors now owns 14,807 shares of the company’s stock worth $428,000 after buying an additional 451 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Trading Up 0.4%

NYSE CCL opened at $32.07 on Thursday. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $33.15. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32. The stock’s 50 day moving average price is $29.31 and its two-hundred day moving average price is $29.26. The stock has a market capitalization of $37.44 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.16 and a beta of 2.49.

Carnival (NYSE:CCL) last posted 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. The company had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.38 billion. Carnival had a net margin of 10.37% and a return on equity of 28.39%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. As a group, analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 1.9%.

Analyst Ratings Changes

A number of research analysts have issued reports on CCL shares. Bank of America boosted their target price on Carnival from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, January 12th. TD Cowen reiterated a “buy” rating on shares of Carnival in a report on Tuesday, January 13th. Wolfe Research reissued an “outperform” rating on shares of Carnival in a research note on Friday, December 19th. Barclays dropped their target price on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, December 17th. Finally, Citigroup upped their price target on shares of Carnival from $36.00 to $39.00 and gave the company a “buy” rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.

About Carnival

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.