Geode Capital Management LLC Boosts Stake in Carnival Corporation $CCL

Geode Capital Management LLC raised its holdings in Carnival Corporation (NYSE:CCL) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 29,450,412 shares of the company’s stock after purchasing an additional 683,311 shares during the period. Geode Capital Management LLC’s holdings in Carnival were worth $896,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CCL. BOCHK Asset Management Ltd bought a new position in Carnival in the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in Carnival in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new position in Carnival in the 4th quarter valued at $26,000. Newbridge Financial Services Group Inc. grew its stake in Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock valued at $29,000 after purchasing an additional 762 shares during the period. Finally, LRI Investments LLC bought a new position in Carnival in the 3rd quarter valued at $30,000. Institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival

In other news, Director Sir Jonathon Band sold 11,988 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total value of $313,965.72. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 12,000 shares of company stock valued at $314,265 over the last quarter. Corporate insiders own 7.90% of the company’s stock.

Carnival Trading Up 0.4%

Shares of Carnival stock opened at $28.06 on Friday. Carnival Corporation has a 12-month low of $22.11 and a 12-month high of $34.03. The company has a market cap of $34.77 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.24 and a beta of 2.33. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82. The company’s 50-day moving average price is $26.35 and its 200-day moving average price is $28.02.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts expect that Carnival Corporation will post 2.21 earnings per share for the current fiscal year.

Carnival Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. Carnival’s dividend payout ratio is presently 26.67%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CCL shares. Wells Fargo & Company dropped their target price on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Wall Street Zen cut shares of Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Susquehanna dropped their target price on shares of Carnival from $40.00 to $30.00 and set a “positive” rating on the stock in a research note on Monday, March 23rd. HSBC upgraded shares of Carnival from a “hold” rating to a “buy” rating and dropped their target price for the company from $33.60 to $30.10 in a research note on Monday, March 30th. Finally, Stifel Nicolaus lowered their target price on Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Nineteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Carnival presently has an average rating of “Moderate Buy” and a consensus price target of $34.13.

Trending Headlines about Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Multiple recent articles argue Carnival still looks attractive for buyers, citing a cheap valuation and potential upside if cruise demand stays solid. One note highlighted “3 reasons to buy” the stock, while another said there was “no disruption” to the company’s broader travel story. Article Title Article Title
• Positive Sentiment: Lower oil prices are being viewed as a tailwind for Carnival because fuel is one of its biggest operating costs, and recent travel data suggest consumers are still planning vacations. That combination supports margins and could improve earnings expectations. Article Title
• Neutral Sentiment: Holland America, one of Carnival’s brands, announced year-round Europe cruising for 2027-2028. The expansion reinforces long-term demand and capacity planning, but it is not likely to affect near-term results. Article Title
• Neutral Sentiment: One market note said Carnival insiders sold about $13 million in shares over the past year, which can make investors cautious, but it is not by itself a clear fundamental change. Article Title
• Negative Sentiment: Carnival disclosed a cybersecurity incident that exposed names, addresses, and government ID numbers after attackers tricked an employee through a social-engineering attack. That creates reputational risk, possible remediation costs, and potential legal exposure. Article Title
• Negative Sentiment: A law firm has launched an investigation into the breach, raising the chance of class-action claims and additional costs tied to the incident. Article Title

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.