Intech Investment Management LLC Reduces Stock Position in Carnival Corporation $CCL

Intech Investment Management LLC lowered its holdings in shares of Carnival Corporation (NYSE:CCL) by 15.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 162,270 shares of the company’s stock after selling 28,968 shares during the quarter. Intech Investment Management LLC’s holdings in Carnival were worth $4,956,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CCL. Wellington Management Group LLP boosted its holdings in Carnival by 99.6% during the 3rd quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock valued at $351,535,000 after acquiring an additional 6,066,336 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Carnival by 50.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,510,016 shares of the company’s stock valued at $419,573,000 after acquiring an additional 4,883,024 shares during the period. Causeway Capital Management LLC boosted its holdings in Carnival by 9.6% during the 3rd quarter. Causeway Capital Management LLC now owns 31,912,001 shares of the company’s stock valued at $922,576,000 after acquiring an additional 2,783,927 shares during the period. Alua Capital Management LP purchased a new position in Carnival during the 3rd quarter valued at $68,557,000. Finally, State Street Corp boosted its holdings in Carnival by 4.1% during the 3rd quarter. State Street Corp now owns 47,369,740 shares of the company’s stock valued at $1,369,459,000 after acquiring an additional 1,845,850 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Price Performance

Shares of CCL stock opened at $28.06 on Monday. Carnival Corporation has a twelve month low of $22.11 and a twelve month high of $34.03. The stock has a market capitalization of $34.77 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.25 and a beta of 2.32. The stock has a fifty day simple moving average of $26.35 and a two-hundred day simple moving average of $28.03. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82.

Carnival (NYSE:CCL) last issued its earnings results on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. On average, analysts predict that Carnival Corporation will post 2.21 EPS for the current fiscal year.

Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, May 18th. Carnival’s dividend payout ratio is 26.67%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. William Blair restated an “outperform” rating on shares of Carnival in a report on Tuesday, March 3rd. TD Cowen upped their target price on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, May 15th. The Goldman Sachs Group lowered their target price on Carnival from $34.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Morgan Stanley upgraded Carnival from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $33.00 to $31.00 in a report on Thursday, March 19th. Finally, Citigroup lowered their target price on Carnival from $39.00 to $35.00 and set a “buy” rating for the company in a report on Monday, March 30th. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.13.

Insider Buying and Selling at Carnival

In related news, Director Sir Jonathon Band sold 11,988 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the sale, the director directly owned 52,601 shares in the company, valued at $1,377,620.19. This represents a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 12,000 shares of company stock worth $314,265. Corporate insiders own 7.90% of the company’s stock.

Key Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Multiple recent articles argue Carnival still looks attractive for buyers, citing a cheap valuation and potential upside if cruise demand stays solid. One note highlighted “3 reasons to buy” the stock, while another said there was “no disruption” to the company’s broader travel story. Article Title Article Title
• Positive Sentiment: Lower oil prices are being viewed as a tailwind for Carnival because fuel is one of its biggest operating costs, and recent travel data suggest consumers are still planning vacations. That combination supports margins and could improve earnings expectations. Article Title
• Neutral Sentiment: Holland America, one of Carnival’s brands, announced year-round Europe cruising for 2027-2028. The expansion reinforces long-term demand and capacity planning, but it is not likely to affect near-term results. Article Title
• Neutral Sentiment: One market note said Carnival insiders sold about $13 million in shares over the past year, which can make investors cautious, but it is not by itself a clear fundamental change. Article Title
• Negative Sentiment: Carnival disclosed a cybersecurity incident that exposed names, addresses, and government ID numbers after attackers tricked an employee through a social-engineering attack. That creates reputational risk, possible remediation costs, and potential legal exposure. Article Title
• Negative Sentiment: A law firm has launched an investigation into the breach, raising the chance of class-action claims and additional costs tied to the incident. Article Title

Carnival Company 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.