Pictet Asset Management Holding SA Increases Position in Carnival Corporation $CCL

Pictet Asset Management Holding SA lifted its stake in Carnival Corporation (NYSE:CCL) by 68.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 727,796 shares of the company’s stock after purchasing an additional 295,805 shares during the period. Pictet Asset Management Holding SA’s holdings in Carnival were worth $20,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Carnival by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock valued at $3,913,190,000 after buying an additional 368,445 shares in the last quarter. State Street Corp grew its holdings in shares of Carnival by 1.5% in the 4th quarter. State Street Corp now owns 48,074,173 shares of the company’s stock worth $1,468,185,000 after acquiring an additional 704,433 shares during the period. Geode Capital Management LLC increased its stake in Carnival by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 29,450,412 shares of the company’s stock valued at $896,104,000 after purchasing an additional 683,311 shares in the last quarter. Nuveen LLC raised its holdings in Carnival by 1.4% during the fourth quarter. Nuveen LLC now owns 26,729,524 shares of the company’s stock worth $816,320,000 after purchasing an additional 364,529 shares during the last quarter. Finally, Auto Owners Insurance Co boosted its position in Carnival by 2,954.0% during the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock worth $60,625,000 after purchasing an additional 19,201,000 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carnival

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the transaction, the insider directly owned 69,238 shares in the company, valued at $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 7.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CCL. Tigress Financial lifted their price target on Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Weiss Ratings cut shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Truist Financial raised their target price on shares of Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Barclays cut their target price on shares of Carnival from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. Finally, Wells Fargo & Company increased their price target on shares of Carnival from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Carnival presently has an average rating of “Moderate Buy” and an average price target of $35.08.

Carnival Price Performance

Carnival stock opened at $28.14 on Friday. Carnival Corporation has a 12-month low of $23.45 and a 12-month high of $34.03. The stock has a market capitalization of $38.54 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.25 and a beta of 2.35. The firm’s 50-day moving average is $27.98 and its two-hundred day moving average is $27.86. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the previous year, the business posted $0.35 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Equities analysts predict that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Carnival’s dividend payout ratio is currently 27.03%.

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.