Carnival Corporation $CCL Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lessened its holdings in Carnival Corporation (NYSE:CCL) by 27.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 457,962 shares of the company’s stock after selling 170,966 shares during the period. Mediolanum International Funds Ltd’s holdings in Carnival were worth $10,973,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CCL. Auto Owners Insurance Co increased its stake in shares of Carnival by 2,954.0% during the 4th quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock worth $60,625,000 after purchasing an additional 19,201,000 shares in the last quarter. Viking Global Investors LP purchased a new stake in Carnival in the 4th quarter valued at approximately $429,448,000. Pacer Advisors Inc. grew its holdings in Carnival by 2,432.8% during the 4th quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock valued at $204,311,000 after buying an additional 6,425,822 shares during the last quarter. Wellington Management Group LLP grew its holdings in Carnival by 99.6% during the 3rd quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock valued at $351,535,000 after buying an additional 6,066,336 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Carnival by 1,619.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company’s stock worth $156,740,000 after buying an additional 4,833,723 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCL shares. Wall Street Zen cut Carnival from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Tigress Financial increased their price objective on Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Susquehanna boosted their target price on shares of Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Wednesday, June 24th. HSBC raised shares of Carnival from a “hold” rating to a “buy” rating and cut their target price for the company from $33.60 to $30.10 in a research note on Monday, March 30th. Finally, Melius Research set a $36.00 price target on shares of Carnival in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.99.

Insider Transactions at Carnival

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction dated 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 completion of the sale, the insider owned 69,238 shares in the company, valued at $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 is available through this link. Insiders own 7.90% of the company’s stock.

Carnival Trading Down 0.1%

Shares of Carnival stock opened at $26.39 on Monday. Carnival Corporation has a fifty-two week low of $23.45 and a fifty-two week high of $34.03. The firm has a market cap of $36.14 billion, a PE ratio of 11.89, a P/E/G ratio of 1.16 and a beta of 2.32. The business’s fifty day moving average is $27.42 and its two-hundred day moving average is $28.21. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80.

Carnival (NYSE:CCL) last posted its quarterly earnings data 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. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Analysts anticipate that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 7th. Carnival’s dividend payout ratio (DPR) is presently 27.03%.

About Carnival

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.