Carnival Corporation $CCL is Deltec Asset Management LLC’s 9th Largest Position

Deltec Asset Management LLC lessened its position in Carnival Corporation (NYSE:CCL) by 31.7% during the third quarter, Holdings Channel.com reports. The fund owned 586,460 shares of the company’s stock after selling 272,128 shares during the period. Carnival accounts for 2.8% of Deltec Asset Management LLC’s holdings, making the stock its 9th largest holding. Deltec Asset Management LLC’s holdings in Carnival were worth $16,955,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Carnival by 6.0% in the second quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company’s stock worth $3,561,777,000 after purchasing an additional 7,157,739 shares during the last quarter. Holocene Advisors LP raised its position in Carnival by 184.3% during the 2nd quarter. Holocene Advisors LP now owns 10,289,947 shares of the company’s stock valued at $289,353,000 after purchasing an additional 6,669,935 shares during the last quarter. 59 North Capital Management LP lifted its holdings in Carnival by 117.1% in the 2nd quarter. 59 North Capital Management LP now owns 7,704,185 shares of the company’s stock worth $216,642,000 after buying an additional 4,155,630 shares during the period. Sei Investments Co. grew its position in shares of Carnival by 127.0% in the 2nd quarter. Sei Investments Co. now owns 4,408,963 shares of the company’s stock worth $123,980,000 after buying an additional 2,466,296 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Carnival during the second quarter valued at approximately $67,055,000. 67.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays dropped their price target on Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday, December 17th. Argus restated a “buy” rating and issued a $35.00 price objective on shares of Carnival in a report on Monday, December 22nd. Zacks Research raised shares of Carnival from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Sanford C. Bernstein boosted their price target on shares of Carnival from $26.00 to $33.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Carnival from $34.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Carnival has an average rating of “Moderate Buy” and a consensus target price of $34.43.

Carnival Trading Up 1.4%

Shares of NYSE CCL opened at $32.14 on Friday. Carnival Corporation has a 1 year low of $15.07 and a 1 year high of $32.89. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.32 and a quick ratio of 0.28. The firm has a 50-day moving average of $28.02 and a 200 day moving average of $29.12. The stock has a market cap of $37.52 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 1.17 and a beta of 2.51.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Friday, December 19th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Carnival had a return on equity of 28.39% and a net margin of 10.37%.The business had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same quarter last year, the company posted $0.14 EPS. Carnival’s revenue for the quarter was up 6.6% compared to the same quarter last year. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. As a group, sell-side analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.9%.

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.