3,579,612 Carnival Corporation $CCL Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in Carnival Corporation (NYSE:CCL) by 83.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 720,677 shares of the company’s stock after selling 3,579,612 shares during the period. Commonwealth Equity Services LLC’s holdings in Carnival were worth $17,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Carnival by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 15,904,029 shares of the company’s stock worth $411,372,000 after purchasing an additional 834,885 shares during the last quarter. Amundi raised its holdings in shares of Carnival by 67.3% during the 2nd quarter. Amundi now owns 6,770,304 shares of the company’s stock valued at $193,428,000 after buying an additional 2,723,171 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Carnival by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 5,608,651 shares of the company’s stock worth $145,152,000 after acquiring an additional 278,758 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Carnival by 11.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,687,038 shares of the company’s stock worth $133,909,000 after purchasing an additional 480,097 shares during the period. Finally, Hound Partners LLC grew its holdings in Carnival by 27.9% in the 1st quarter. Hound Partners LLC now owns 4,514,839 shares of the company’s stock worth $116,844,000 after acquiring an additional 985,772 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

Shares of Carnival stock opened at $30.73 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $41.33 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.32 and a beta of 2.48. The stock’s 50-day simple moving average is $25.54 and its 200-day simple moving average is $27.16. Carnival Corporation has a 52 week low of $21.45 and a 52 week high of $34.03.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The firm had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. As a group, analysts expect that Carnival Corporation will post 2.26 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, November 27th. Investors of record on Friday, November 6th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 6th. Carnival’s dividend payout ratio is presently 26.20%.

Analysts Set New Price Targets

CCL has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their target price on Carnival from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Susquehanna decreased their price objective on Carnival from $33.00 to $28.00 and set a “positive” rating for the company in a report on Wednesday, September 30th. Wells Fargo & Company dropped their target price on shares of Carnival from $36.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday, October 1st. Morgan Stanley boosted their target price on shares of Carnival from $31.00 to $32.50 and gave the company an “overweight” rating in a report on Tuesday, September 29th. Finally, Argus reduced their target price on shares of Carnival from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.16.

Insider Activity at Carnival

In related news, Director Helen Deeble sold 25,000 shares of Carnival stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $27.75, for a total value of $693,750.00. Following the transaction, the director directly owned 63,505 shares in the company, valued at $1,762,263.75. This trade represents a 28.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.90% of the stock is owned by company insiders.

Carnival Profile

Carnival Corporation & plc is a global cruise company that operates cruise lines and provides ship-based vacations. Its brands include Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, AIDA Cruises, Costa Cruises, and P&O Cruises. The company’s offerings include cruise itineraries, onboard accommodations, dining and entertainment, as well as shore excursions and other guest experiences. Its ships serve destinations across regions including the Caribbean, Europe, Alaska, Australia and Asia.