Carnival Corporation $CCL Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its holdings in shares of Carnival Corporation (NYSE:CCL) by 7.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 431,991 shares of the company’s stock after selling 32,859 shares during the period. Pictet Asset Management Holding SA’s holdings in Carnival were worth $11,171,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Auto Owners Insurance Co grew its stake in shares of Carnival by 2,954.0% in the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock worth $60,625,000 after acquiring an additional 19,201,000 shares in the last quarter. Viking Global Investors LP purchased a new stake in shares of Carnival during the fourth quarter worth $429,448,000. Pacer Advisors Inc. raised its stake in shares of Carnival by 2,432.8% in the fourth quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock valued at $204,311,000 after acquiring an additional 6,425,822 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Carnival by 99.6% in the third quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock valued at $351,535,000 after purchasing an additional 6,066,336 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Carnival by 1,619.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company’s stock valued at $156,740,000 after purchasing an additional 4,833,723 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CCL. Melius Research set a $36.00 price target on Carnival in a report on Wednesday, June 17th. The Goldman Sachs Group cut their target price on shares of Carnival from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Stifel Nicolaus raised their target price on shares of Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, June 12th. Freedom Capital upgraded shares of Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. Finally, UBS Group lowered their price target on shares of Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.23.

Insider Activity

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the transaction, the insider owned 69,238 shares in the company, valued at $1,945,587.80. This trade represents a 38.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.90% of the stock is currently owned by company insiders.

Carnival Price Performance

Shares of NYSE:CCL opened at $27.95 on Friday. Carnival Corporation has a 12 month low of $23.45 and a 12 month high of $34.03. The firm has a market capitalization of $38.29 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.23 and a beta of 2.32. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. The company’s fifty day moving average price is $27.41 and its 200 day moving average price is $28.47.

Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. Carnival’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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. As a group, sell-side analysts predict that Carnival Corporation will post 2.22 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Carnival’s dividend payout ratio is 27.03%.

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.