Principal Financial Group Inc. Boosts Position in Carnival Corporation $CCL

Principal Financial Group Inc. raised its stake in shares of Carnival Corporation (NYSE:CCL) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,242,851 shares of the company’s stock after purchasing an additional 29,358 shares during the period. Principal Financial Group Inc.’s holdings in Carnival were worth $37,957,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CCL. Vanguard Group Inc. raised its stake in Carnival by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock valued at $3,913,190,000 after purchasing an additional 368,445 shares during the period. State Street Corp lifted its holdings in Carnival by 4.1% in the 3rd quarter. State Street Corp now owns 47,369,740 shares of the company’s stock worth $1,369,459,000 after purchasing an additional 1,845,850 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Carnival by 0.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 36,109,629 shares of the company’s stock worth $1,043,929,000 after purchasing an additional 291,864 shares in the last quarter. Causeway Capital Management LLC lifted its holdings in Carnival by 9.6% in the 3rd quarter. Causeway Capital Management LLC now owns 31,912,001 shares of the company’s stock worth $922,576,000 after purchasing an additional 2,783,927 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Carnival by 50.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,510,016 shares of the company’s stock worth $419,573,000 after purchasing an additional 4,883,024 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Key Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival announced a quarterly dividend of $0.15 per share, signaling continued shareholder returns and reinforcing confidence in cash generation. CARNIVAL CORPORATION DECLARES DIVIDEND
• Positive Sentiment: The company completed its long-planned unification of its dual-listed structure and redomiciled to Bermuda, a move that may simplify the corporate structure and improve operational flexibility. Carnival Corporation & plc Completes Unification of Dual Listed Company Structure and Redomiciliation to Bermuda
• Positive Sentiment: Management is also highlighting a digital overhaul that uses AI-driven supply chain and maintenance tools, which could improve efficiency and support long-term margin upside. Carnival Digital Overhaul Links AI Supply Chain To Valuation Upside
• Neutral Sentiment: Holland America Line opened bookings for newly renovated Oosterdam itineraries, adding to Carnival’s cruise offerings, but this appears to be a routine commercial update with limited near-term stock impact. Newly Renovated Oosterdam to Cruise Europe, the Caribbean and Panama Canal
• Negative Sentiment: News of a rare hantavirus outbreak is pressuring cruise-related travel sentiment, raising concerns that some potential customers may delay or cancel trips. RCL, NCLH, CCL: Cruise stocks get hit as rare hantavirus outbreak sparks travel fears
• Negative Sentiment: Options activity showed elevated put buying in Carnival, suggesting some traders are positioning for further downside or hedging near-term risk. Carnival Unifies Dual Structure Under Single Bermuda Entity

Insider Activity

In other news, Director Sir Jonathon Band sold 11,988 shares of Carnival stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the transaction, the director directly owned 52,601 shares in the company, valued at approximately $1,377,620.19. This trade represents a 18.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Carnival Price Performance

Shares of CCL stock opened at $26.40 on Friday. Carnival Corporation has a 52-week low of $19.92 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.26 and a current ratio of 0.30. The firm has a market capitalization of $32.70 billion, a P/E ratio of 11.73, a P/E/G ratio of 1.17 and a beta of 2.33. The stock has a 50 day moving average price of $26.75 and a 200 day moving average price of $28.29.

Carnival (NYSE:CCL) last released its quarterly earnings data on Friday, March 27th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.Carnival’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. As a group, sell-side analysts predict that Carnival Corporation will post 2.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of research analyst reports. Wall Street Zen cut Carnival from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Sanford C. Bernstein dropped their price target on Carnival from $33.00 to $28.70 and set a “market perform” rating for the company in a research note on Monday, March 30th. Zacks Research lowered Carnival from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 16th. Susquehanna dropped their price target on Carnival from $40.00 to $30.00 and set a “positive” rating for the company in a research note on Monday, March 23rd. Finally, Wells Fargo & Company dropped their price target on Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Twenty research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.37.

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.