Pacer Advisors Inc. Reduces Position in Carnival Corporation $CCL

Pacer Advisors Inc. decreased its holdings in Carnival Corporation (NYSE:CCL) by 95.8% during the 1st quarter, HoldingsChannel reports. The fund owned 282,942 shares of the company’s stock after selling 6,407,012 shares during the quarter. Pacer Advisors Inc.’s holdings in Carnival were worth $7,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Carnival by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock valued at $2,191,000 after buying an additional 5,435 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Carnival during the first quarter worth approximately $228,000. Empowered Funds LLC increased its stake in shares of Carnival by 61.6% in the first quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock worth $594,000 after buying an additional 11,601 shares during the last quarter. Woodline Partners LP raised its holdings in Carnival by 41.9% in the first quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock valued at $1,729,000 after acquiring an additional 26,141 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in Carnival by 57.0% in the second quarter. Baird Financial Group Inc. now owns 64,720 shares of the company’s stock valued at $1,820,000 after acquiring an additional 23,484 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Freedom Capital raised shares of Carnival to a “strong-buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings downgraded Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Zacks Research raised Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, UBS Group cut their price objective on Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $35.08.

Insider Buying and Selling

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’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 completion of the transaction, the insider directly owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.90% of the stock is currently owned by insiders.

Carnival Stock Up 0.5%

Shares of NYSE:CCL opened at $29.73 on Thursday. The stock has a market capitalization of $40.72 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 1.30 and a beta of 2.35. Carnival Corporation has a 1-year low of $23.45 and a 1-year high of $34.03. The company’s fifty day moving average is $27.90 and its two-hundred day moving average is $27.87. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period in the previous year, the business posted $0.35 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Equities analysts anticipate that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 7th. Carnival’s payout ratio is presently 27.03%.

About Carnival

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.