Renaissance Technologies LLC Sells 3,677,123 Shares of Carnival Corporation $CCL

Renaissance Technologies LLC trimmed its stake in Carnival Corporation (NYSE:CCL) by 58.6% in the 1st quarter, HoldingsChannel reports. The firm owned 2,598,300 shares of the company’s stock after selling 3,677,123 shares during the quarter. Renaissance Technologies LLC’s holdings in Carnival were worth $67,244,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CCL. BOCHK Asset Management Ltd purchased a new stake in Carnival in the fourth quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Carnival during the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Carnival in the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. lifted its stake in shares of 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 period. Finally, Optima Capital LLC purchased a new position 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.

Insider Buying and Selling

In related 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 of the company’s stock, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 7.90% of the company’s stock.

Carnival Stock Up 0.1%

CCL stock opened at $26.36 on Monday. The business has a 50 day moving average of $27.52 and a 200 day moving average of $28.04. The firm has a market cap of $36.10 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.16 and a beta of 2.32. Carnival Corporation has a twelve month low of $23.45 and a twelve month high of $34.03. 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 released its earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter 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, research analysts forecast that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Carnival from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note 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. Zacks Research upgraded shares of Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Stifel Nicolaus upped their target price on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Finally, TD Cowen increased their price target on shares of Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research note 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 issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.08.

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.