Mad River Investors lessened its holdings in shares of Carnival Corporation (NYSE:CCL – Free Report) by 80.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,677 shares of the company’s stock after selling 76,696 shares during the period. Carnival makes up approximately 0.2% of Mad River Investors’ holdings, making the stock its 26th largest position. Mad River Investors’ holdings in Carnival were worth $458,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Carnival by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,904,029 shares of the company’s stock valued at $411,372,000 after buying an additional 834,885 shares during the last quarter. Amundi lifted its holdings in shares of Carnival by 67.3% during the second quarter. Amundi now owns 6,770,304 shares of the company’s stock worth $193,428,000 after buying an additional 2,723,171 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Carnival by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 5,608,651 shares of the company’s stock worth $145,152,000 after buying an additional 278,758 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Carnival by 11.4% in the second quarter. Assenagon Asset Management S.A. now owns 4,687,038 shares of the company’s stock valued at $133,909,000 after acquiring an additional 480,097 shares during the period. Finally, Hound Partners LLC boosted its position in shares of Carnival by 27.9% in the first quarter. Hound Partners LLC now owns 4,514,839 shares of the company’s stock valued at $116,844,000 after acquiring an additional 985,772 shares during the period. Institutional investors own 67.19% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on CCL. TD Cowen lowered their price objective on shares of Carnival from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. Susquehanna cut their target price on shares of Carnival from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Wednesday, September 30th. Weiss Ratings downgraded shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Morgan Stanley increased their price target on shares of Carnival from $31.00 to $32.50 and gave the company an “overweight” rating in a report on Tuesday, September 29th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $28.70 price target on shares of Carnival in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.14.
Carnival Stock Performance
CCL opened at $28.05 on Thursday. The stock’s 50 day simple moving average is $24.74 and its 200-day simple moving average is $27.15. The company has a current ratio of 0.27, a quick ratio of 0.23 and a debt-to-equity ratio of 1.54. The stock has a market cap of $37.72 billion, a PE ratio of 12.25, a P/E/G ratio of 1.12 and a beta of 2.38. Carnival Corporation has a 1 year low of $21.45 and a 1 year high of $34.03.
Carnival (NYSE:CCL – Get Free Report) last issued its earnings results on Tuesday, September 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. The firm had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. Carnival’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $1.43 earnings per share. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Sell-side analysts forecast that Carnival Corporation will post 2.26 EPS for the current year.
Carnival Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Carnival’s dividend payout ratio is currently 26.20%.
Carnival Profile
Carnival Corporation & plc (NYSE: CCL) is one of the world’s largest leisure travel and cruise companies. It operates cruise lines that provide vacation travel, onboard entertainment, dining, accommodations, recreational activities and shore excursions. The company’s brands serve a broad range of travelers, from mainstream and contemporary vacationers to premium and luxury guests.
Carnival’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises UK and P&O Cruises Australia.
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