ProShare Advisors LLC Grows Holdings in Carnival Corporation $CCL

ProShare Advisors LLC raised its position in Carnival Corporation (NYSE:CCL) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,492 shares of the company’s stock after purchasing an additional 27,138 shares during the period. ProShare Advisors LLC’s holdings in Carnival were worth $7,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOCHK Asset Management Ltd purchased a new position in Carnival in the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Carnival during the 3rd quarter worth $25,000. Newbridge Financial Services Group Inc. lifted its stake in shares of Carnival by 381.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock worth $29,000 after purchasing an additional 762 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Carnival by 182.0% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock worth $30,000 after purchasing an additional 659 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Carnival during the third quarter worth $30,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCL shares. Zacks Research upgraded Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. The Goldman Sachs Group decreased their price objective on Carnival from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Morgan Stanley upgraded Carnival from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $33.00 to $31.00 in a report on Thursday, March 19th. Sanford C. Bernstein cut their price objective on shares of Carnival from $33.00 to $28.70 and set a “market perform” rating on the stock in a report on Monday, March 30th. Finally, Citigroup cut their price objective on shares of Carnival from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.18.

Key Stories Impacting Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Lower global oil prices are helping Carnival, since fuel is a major operating cost for cruise lines and cheaper oil can support margins. Why Carnival Stock Is Cruising Higher On Wednesday?
• Positive Sentiment: Zacks Research raised its FY2027 and FY2028 earnings estimates for Carnival, signaling modestly better long-term profit expectations even though the firm kept a Hold rating.
• Positive Sentiment: Carnival announced its first surplus meal donation in Latin America, expanding its “Less Left Over” food-waste reduction program to 18 port destinations worldwide. This supports the company’s sustainability profile and community relations. Carnival Corporation Marks First Meal Donation in Latin America
• Neutral Sentiment: Holland America Line opened bookings for its 2028 Grand Voyages, which adds visibility to future demand but is not an immediate financial catalyst. Holland America Line Opens Bookings for 2028 Grand Voyages
• Negative Sentiment: Broader market selling in consumer discretionary stocks, driven by inflation worries and concerns about slowing demand, is weighing on Carnival and other travel names. Carnival and United Airlines Shares Plummet, What You Need To Know

Insider Activity

In other news, Director Sir Jonathon Band sold 11,988 shares of Carnival stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total transaction of $313,965.72. Following the sale, the director owned 52,601 shares in the company, valued at $1,377,620.19. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 12,000 shares of company stock worth $314,265 in the last 90 days. Company insiders own 7.90% of the company’s stock.

Carnival Trading Up 0.5%

CCL opened at $26.17 on Friday. The firm has a market capitalization of $32.42 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.16 and a beta of 2.33. The firm’s 50 day moving average is $26.06 and its 200-day moving average is $28.03. Carnival Corporation has a 52-week low of $21.62 and a 52-week high of $34.03. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. Analysts expect that Carnival Corporation will post 2.21 EPS for the current fiscal year.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.3%. Carnival’s dividend payout ratio (DPR) is currently 26.67%.

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.