40,167 Carnival Corporation $CCL Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC cut its holdings in Carnival Corporation (NYSE:CCL) by 88.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,135 shares of the company’s stock after selling 40,167 shares during the period. International Assets Investment Management LLC’s holdings in Carnival were worth $126,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in Carnival by 330.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,827,261 shares of the company’s stock valued at $109,345,000 after buying an additional 2,938,650 shares in the last quarter. Amundi lifted its holdings in shares of Carnival by 67.3% in the 2nd 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Carnival by 3,458.1% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,527,262 shares of the company’s stock worth $39,526,000 after acquiring an additional 1,484,338 shares in the last quarter. Hound Partners LLC grew its position in Carnival by 27.9% in the first quarter. Hound Partners LLC now owns 4,514,839 shares of the company’s stock worth $116,844,000 after acquiring an additional 985,772 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Carnival by 5.5% during the first quarter. Dimensional Fund Advisors LP now owns 15,904,029 shares of the company’s stock worth $411,372,000 after acquiring an additional 834,885 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCL. Truist Financial upped their price objective on Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft set a $32.00 target price on Carnival in a report on Tuesday, September 22nd. Morgan Stanley boosted their target price on Carnival from $31.00 to $32.50 and gave the company an “overweight” rating in a research report on Tuesday, September 29th. Weiss Ratings lowered Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. 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 equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.16.

Carnival Trading Up 0.1%

CCL traded up $0.03 during trading hours on Friday, reaching $29.62. 13,190,472 shares of the company’s stock traded hands, compared to its average volume of 19,738,858. The firm has a 50-day moving average price of $25.28 and a 200 day moving average price of $27.13. Carnival Corporation has a 52-week low of $21.45 and a 52-week high of $34.03. The company has a quick ratio of 0.23, a current ratio of 0.27 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $39.83 billion, a PE ratio of 12.93, a PEG ratio of 1.28 and a beta of 2.48.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.39 billion. During the same quarter last year, the firm posted $1.43 earnings per share. The business’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. As a group, sell-side analysts predict that Carnival Corporation will post 2.26 EPS for the current fiscal year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be issued 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 2.0%. Carnival’s dividend payout ratio is presently 26.20%.

Insider Activity at Carnival

In related news, Director Helen Deeble sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $27.75, for a total value of $693,750.00. Following the transaction, the director owned 63,505 shares of the company’s stock, valued at $1,762,263.75. This trade represents a 28.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.90% of the company’s stock.

About Carnival

Carnival Corporation & plc is a global cruise company that operates cruise lines and provides ship-based vacations. Its brands include Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, AIDA Cruises, Costa Cruises, and P&O Cruises.

The company’s offerings include cruise itineraries, onboard accommodations, dining and entertainment, as well as shore excursions and other guest experiences. Its ships serve destinations across regions including the Caribbean, Europe, Alaska, Australia and Asia.

The business traces its roots to Carnival Cruise Line, founded by Ted Arison in 1972.