Empowered Funds LLC Has $13.97 Million Stake in Carnival Corporation $CCL

Empowered Funds LLC reduced its holdings in shares of Carnival Corporation (NYSE:CCL) by 54.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 539,894 shares of the company’s stock after selling 645,626 shares during the quarter. Empowered Funds LLC’s holdings in Carnival were worth $13,972,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB boosted its holdings in shares of Carnival by 10.0% during the 4th quarter. Swedbank AB now owns 519,939 shares of the company’s stock worth $15,879,000 after buying an additional 47,070 shares during the period. Vanguard Group Inc. raised its holdings in Carnival by 0.3% in 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 period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Carnival by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,252,014 shares of the company’s stock worth $69,632,000 after acquiring an additional 109,474 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Carnival by 95.9% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 889,393 shares of the company’s stock worth $23,017,000 after acquiring an additional 435,470 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Carnival by 10.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 654,946 shares of the company’s stock worth $20,002,000 after acquiring an additional 59,383 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Stock Down 1.6%

NYSE CCL opened at $27.78 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market cap of $38.05 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.24 and a beta of 2.32. The company has a 50 day moving average of $27.68 and a 200-day moving average of $27.95. 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 analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. On average, equities research analysts expect that Carnival Corporation will post 2.23 earnings per share for the current fiscal year.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.2%. Carnival’s dividend payout ratio is currently 27.03%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCL. UBS Group lowered their target price on Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Weiss Ratings lowered Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Truist Financial increased their price objective on Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Freedom Capital raised Carnival to a “strong-buy” rating in a report on Wednesday, June 3rd. Finally, TD Cowen boosted their target price on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.08.

Insider Transactions at Carnival

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.90% of the stock is owned by insiders.

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.