Carnival Corporation $CCL Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN increased its holdings in Carnival Corporation (NYSE:CCL) by 11.3% in the 1st quarter, HoldingsChannel reports. The fund owned 446,501 shares of the company’s stock after purchasing an additional 45,251 shares during the quarter. OLD National Bancorp IN’s holdings in Carnival were worth $11,555,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Carnival by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock worth $3,913,190,000 after purchasing an additional 368,445 shares during the period. State Street Corp raised its holdings in Carnival by 1.5% in the 4th quarter. State Street Corp now owns 48,074,173 shares of the company’s stock valued at $1,468,185,000 after buying an additional 704,433 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Carnival by 0.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 36,109,629 shares of the company’s stock valued at $1,043,929,000 after buying an additional 291,864 shares during the last quarter. Causeway Capital Management LLC lifted its position in Carnival by 9.6% in the third quarter. Causeway Capital Management LLC now owns 31,912,001 shares of the company’s stock valued at $922,576,000 after buying an additional 2,783,927 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Carnival by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 29,450,412 shares of the company’s stock worth $896,104,000 after buying an additional 683,311 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival’s Q2 results showed record quarterly performance, with earnings of $0.41 per share topping expectations and revenue up year over year, while management pointed to strong bookings, record deposits and disciplined cost control as signs that underlying demand remains solid.
• Positive Sentiment: Analyst commentary remains constructive on the long-term story, with Jefferies reiterating a Buy rating and a $35 target, and other market coverage highlighting upside potential if Carnival can sustain its strong cruise demand. Article: Carnival faces near-term headwinds, but long-term outlook remains intact, says Jefferies
• Neutral Sentiment: The company also expanded its surplus meal donation program to the Dominican Republic, a positive corporate responsibility move, but one that is unlikely to materially affect near-term earnings or the stock price. Article: Carnival Corporation Expands Surplus Meal Donation Program to the Dominican Republic
• Negative Sentiment: Investors are still worried about guidance, as Carnival lowered its fiscal 2026 outlook and flagged softer back-half yields tied to temporary Europe disruption and extreme geopolitical volatility affecting bookings.
• Negative Sentiment: Analysts also noted ongoing headwinds from debt, fuel costs and geopolitical uncertainty, while one UBS note suggested the company may not benefit much from any booking improvement this year.
• Negative Sentiment: Recent headlines about guest altercations and bans at the end of cruises add some noise, but they are more of a reputational concern than a major financial driver.

Carnival Stock Performance

NYSE CCL opened at $28.40 on Friday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.26. The company has a market cap of $35.19 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.28 and a beta of 2.32. The stock has a 50-day moving average of $27.36 and a two-hundred day moving average of $28.41. Carnival Corporation has a 1-year low of $23.45 and a 1-year high of $34.03.

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, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’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. As a group, analysts anticipate that Carnival Corporation will post 2.22 EPS for the current year.

Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Carnival’s dividend payout ratio is 26.67%.

Insider Buying and Selling

In other Carnival news, Director Sir Jonathon Band sold 11,988 shares of the business’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 completion of the transaction, the director owned 52,601 shares in the company, valued at $1,377,620.19. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the sale, 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 SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 55,058 shares of company stock worth $1,524,195. 7.90% of the stock is owned by company insiders.

Analyst Ratings Changes

CCL has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Loop Capital assumed coverage on shares of Carnival in a report on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective on the stock. Wall Street Zen cut shares of Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Truist Financial dropped their target price on shares of Carnival from $30.00 to $29.00 and set a “hold” rating for the company in a report on Friday, May 22nd. Finally, Weiss Ratings lowered Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $35.13.

Carnival 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.