Carnival Corporation (NYSE:CCL – Get Free Report) Director Helen Deeble sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $27.75, for a total transaction of $693,750.00. Following the sale, the director directly owned 63,505 shares of the company’s stock, valued at $1,762,263.75. This represents a 28.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Carnival Price Performance
Shares of Carnival stock traded down $0.01 during trading on Friday, hitting $28.83. The stock had a trading volume of 20,801,797 shares, compared to its average volume of 23,793,322. The firm has a market cap of $38.77 billion, a P/E ratio of 12.59, a PEG ratio of 1.20 and a beta of 2.38. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23. The business has a fifty day moving average of $24.78 and a two-hundred day moving average of $27.14. Carnival Corporation has a fifty-two week low of $21.45 and a fifty-two week high of $34.03.
Carnival (NYSE:CCL – Get Free Report) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the firm earned $1.43 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. On average, sell-side analysts expect that Carnival Corporation will post 2.26 earnings per share for the current fiscal year.
Carnival Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 6th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 6th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. Carnival’s payout ratio is currently 26.20%.
Hedge Funds Weigh In On Carnival
Several hedge funds have recently bought and sold shares of CCL. Envestnet Asset Management Inc. increased its holdings in shares of Carnival by 330.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,827,261 shares of the company’s stock valued at $109,345,000 after purchasing an additional 2,938,650 shares during the period. Amundi boosted its stake in Carnival by 67.3% in the second quarter. Amundi now owns 6,770,304 shares of the company’s stock valued at $193,428,000 after acquiring an additional 2,723,171 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Carnival by 3,458.1% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,527,262 shares of the company’s stock valued at $39,526,000 after purchasing an additional 1,484,338 shares in the last quarter. Hound Partners LLC lifted its holdings 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 purchasing an additional 985,772 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 834,885 shares during the last quarter. 67.19% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on CCL. Barclays dropped their price objective on Carnival from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 16th. Wells Fargo & Company lowered their price objective on shares of Carnival from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Truist Financial raised their price objective on Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 10th. Finally, TD Cowen dropped their price objective on Carnival from $34.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Carnival presently has an average rating of “Moderate Buy” and an average target price of $34.14.
View Our Latest Stock Report on CCL
About Carnival
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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