Carnival Corporation $CCL Shares Sold by State of Wyoming

State of Wyoming trimmed its stake in Carnival Corporation (NYSE:CCL) by 74.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,654 shares of the company’s stock after selling 19,027 shares during the quarter. State of Wyoming’s holdings in Carnival were worth $172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CCL. Auto Owners Insurance Co lifted its position in Carnival by 2,954.0% in the 4th quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock valued at $60,625,000 after purchasing an additional 19,201,000 shares during the last quarter. Viking Global Investors LP acquired a new position in Carnival during the 4th quarter valued at about $429,448,000. Pacer Advisors Inc. boosted its stake in Carnival by 2,432.8% during the 4th quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock valued at $204,311,000 after purchasing an additional 6,425,822 shares during the period. Wellington Management Group LLP grew its position in Carnival by 99.6% in the 3rd quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock worth $351,535,000 after purchasing an additional 6,066,336 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Carnival by 1,619.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company’s stock worth $156,740,000 after purchasing an additional 4,833,723 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Transactions at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction dated Thursday, May 28th. The stock was 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 of the company’s stock, valued at $1,945,587.80. The trade was a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.90% of the stock is currently owned by insiders.

Carnival Stock Performance

CCL opened at $27.85 on Friday. The company has a market capitalization of $38.14 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.22 and a beta of 2.32. 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 Corporation has a 1-year low of $23.45 and a 1-year high of $34.03. The business has a 50 day moving average price of $27.75 and a two-hundred day moving average price of $27.92.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period last year, the company posted $0.35 EPS. The firm’s quarterly 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. Research analysts predict that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 annualized dividend and a yield of 2.2%. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of recent analyst reports. Tigress Financial lifted their price target on Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Argus set a $35.00 price objective on Carnival in a report on Friday, June 26th. Wells Fargo & Company increased their price objective on Carnival from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Susquehanna lifted their target price on Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Wednesday, June 24th. One 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.08.

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.