378,985 Shares in Carnival Corporation $CCL Acquired by SEB Asset Management AB

SEB Asset Management AB bought a new position in shares of Carnival Corporation (NYSE:CCL) in the first quarter, Holdings Channel reports. The fund bought 378,985 shares of the company’s stock, valued at approximately $9,808,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB boosted its position in shares of Carnival by 10.0% in the 4th quarter. Swedbank AB now owns 519,939 shares of the company’s stock valued at $15,879,000 after purchasing an additional 47,070 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Carnival by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock worth $3,913,190,000 after buying an additional 368,445 shares during the period. Nordea Investment Management AB increased its position in shares of Carnival by 42.8% in the fourth quarter. Nordea Investment Management AB now owns 2,126,893 shares of the company’s stock worth $65,487,000 after acquiring an additional 637,605 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Carnival by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,252,014 shares of the company’s stock valued at $69,632,000 after acquiring an additional 109,474 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Carnival by 95.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 889,393 shares of the company’s stock valued at $23,017,000 after acquiring an additional 435,470 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CCL. Zacks Research upgraded shares of Carnival from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Wells Fargo & Company increased their target price on Carnival from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Truist Financial decreased their target price on Carnival from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Friday, May 22nd. TD Cowen lifted their price target on Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Loop Capital began coverage on Carnival in a research report on Monday, June 1st. They set a “buy” rating and a $36.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.99.

Insider Buying and Selling

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction on 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 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 document filed with the SEC, which can be accessed through this hyperlink. 7.90% of the stock is owned by corporate insiders.

Carnival Stock Performance

Shares of CCL stock opened at $26.13 on Wednesday. Carnival Corporation has a fifty-two week low of $23.45 and a fifty-two week high of $34.03. The stock’s 50-day moving average is $27.46 and its two-hundred day moving average is $28.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. The firm has a market cap of $35.79 billion, a P/E ratio of 11.77, a PEG ratio of 1.15 and a beta of 2.32.

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

Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. Carnival’s payout ratio is 27.03%.

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.