Fiduciary Family Office LLC reduced its stake in Carnival Corporation (NYSE:CCL – Free Report) by 65.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,123 shares of the company’s stock after selling 20,972 shares during the quarter. Fiduciary Family Office LLC’s holdings in Carnival were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in CCL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Carnival by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock valued at $2,191,000 after buying an additional 5,435 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in Carnival in the first quarter worth $228,000. Empowered Funds LLC grew its stake in shares of Carnival by 61.6% in the first quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock worth $594,000 after acquiring an additional 11,601 shares during the last quarter. Woodline Partners LP grew its stake in shares of Carnival by 41.9% in the first quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock worth $1,729,000 after acquiring an additional 26,141 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Carnival by 57.0% during the second quarter. Baird Financial Group Inc. now owns 64,720 shares of the company’s stock valued at $1,820,000 after acquiring an additional 23,484 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on CCL shares. Wall Street Zen lowered Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Loop Capital initiated coverage on shares of Carnival in a research note on Monday. They set a “buy” rating and a $36.00 price objective for the company. Citigroup decreased their target price on shares of Carnival from $39.00 to $35.00 and set a “buy” rating for the company in a report on Monday, March 30th. The Goldman Sachs Group dropped their target price on shares of Carnival from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Finally, Zacks Research upgraded shares of Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Carnival has an average rating of “Moderate Buy” and a consensus price target of $34.80.
Carnival Price Performance
NYSE CCL opened at $27.62 on Wednesday. Carnival Corporation has a one year low of $22.11 and a one year high of $34.03. The stock has a 50-day moving average of $26.41 and a 200 day moving average of $28.04. 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 company has a market capitalization of $34.22 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.22 and a beta of 2.32.
Carnival (NYSE:CCL – Get Free Report) last posted its earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, sell-side analysts forecast that Carnival Corporation will post 2.21 EPS for the current year.
Carnival Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a $0.15 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.60 annualized dividend and a yield of 2.2%. Carnival’s dividend payout ratio (DPR) is currently 26.67%.
Key Carnival News
Here are the key news stories impacting Carnival this week:
- Positive Sentiment: Carnival completed the first LNG bunker fueling operation in Latin America and the Western Caribbean, a milestone that supports cleaner-fuel infrastructure and the company’s long-term operating strategy. Carnival Corporation Brings Cruise Industry’s First LNG Bunkering to Latin America & Western Caribbean
- Positive Sentiment: Princess Cruises, a Carnival brand, announced its largest-ever Europe season for 2028 with 291 departures across 150 itineraries, suggesting strong future demand and broader itinerary offerings. Princess Cruises Announces Largest- Ever Europe Season for 2028
Insider Activity at Carnival
In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total value of $1,209,929.80. Following the completion of the sale, the insider owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sir Jonathon Band sold 11,988 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total transaction of $313,965.72. Following the sale, the director owned 52,601 shares of the company’s stock, valued at approximately $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 55,058 shares of company stock worth $1,524,195 in the last 90 days. 7.90% of the stock is currently owned by corporate insiders.
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.
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