Carnival Corporation $CCL Position Trimmed by State of Wyoming

State of Wyoming decreased its holdings in Carnival Corporation (NYSE:CCL) by 74.1% during the 1st quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position 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 valued at $3,913,190,000 after acquiring an additional 368,445 shares during the last quarter. State Street Corp grew its holdings in shares of Carnival by 1.5% in the 4th quarter. State Street Corp now owns 48,074,173 shares of the company’s stock worth $1,468,185,000 after acquiring an additional 704,433 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Carnival by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 29,450,412 shares of the company’s stock worth $896,104,000 after acquiring an additional 683,311 shares during the last quarter. Nuveen LLC raised its position in shares of Carnival by 1.4% during the fourth quarter. Nuveen LLC now owns 26,729,524 shares of the company’s stock worth $816,320,000 after purchasing an additional 364,529 shares during the period. Finally, Auto Owners Insurance Co lifted its holdings in shares of Carnival by 2,954.0% during the fourth 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. Institutional investors own 67.19% of the company’s stock.

Insider Activity at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were 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 approximately $1,945,587.80. The trade was a 38.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 7.90% of the company’s stock.

Carnival Stock Up 0.3%

NYSE:CCL opened at $27.85 on Friday. The business’s fifty day moving average price is $27.75 and its 200 day moving average price is $27.92. The firm has a market capitalization of $38.14 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.22 and a beta of 2.32. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. Carnival Corporation has a 1-year low of $23.45 and a 1-year high of $34.03.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping 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 business’s quarterly revenue was up 5.3% compared to the same quarter last year. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. On average, sell-side analysts forecast that Carnival Corporation will post 2.23 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 7th. Carnival’s dividend payout ratio is 27.03%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CCL shares. Argus set a $35.00 price target on Carnival in a research report on Friday, June 26th. Tigress Financial boosted their price objective on Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. UBS Group reduced their price objective on shares of Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Citigroup upped their price target on shares of Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Finally, Zacks Research raised shares of Carnival from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.08.

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.