Pictet Asset Management Holding SA Reduces Stake in Carnival Corporation $CCL

Pictet Asset Management Holding SA cut its stake in Carnival Corporation (NYSE:CCL) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 431,991 shares of the company’s stock after selling 32,859 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Carnival were worth $11,171,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CCL. BOCHK Asset Management Ltd purchased a new stake in shares of Carnival in the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Carnival during the third quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new position in Carnival in the 4th quarter valued at about $26,000. Newbridge Financial Services Group Inc. boosted its holdings in Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock valued at $29,000 after purchasing an additional 762 shares during the last quarter. Finally, Optima Capital LLC purchased a new stake in shares of Carnival in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

Carnival stock opened at $27.95 on Friday. The company’s 50 day simple moving average is $27.41 and its 200-day simple moving average is $28.47. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. Carnival Corporation has a 1 year low of $23.45 and a 1 year high of $34.03. The company has a market capitalization of $38.29 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.23 and a beta of 2.32.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping 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 firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter 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. As a group, equities research analysts expect that Carnival Corporation will post 2.22 earnings per share for the current year.

Carnival Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, May 18th. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CCL. Wells Fargo & Company raised their price target on shares of Carnival from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Sanford C. Bernstein lowered Carnival from a “market perform” rating to a “market perform” rating in a research report on Tuesday, June 23rd. Tigress Financial raised their target price on Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group reduced their target price on Carnival from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. Finally, HSBC raised Carnival from a “hold” rating to a “buy” rating and decreased their price target for the company from $33.60 to $30.10 in a research note on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.23.

Insider Buying and Selling at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’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 owned 69,238 shares in the company, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.90% of the company’s stock.

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.