First National Trust Co Trims Stock Holdings in Carnival Corporation $CCL

First National Trust Co lessened its holdings in Carnival Corporation (NYSE:CCL) by 20.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,720 shares of the company’s stock after selling 17,770 shares during the quarter. First National Trust Co’s holdings in Carnival were worth $1,935,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in Carnival in the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Carnival during the fourth quarter valued at approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Carnival in the fourth quarter valued at approximately $32,000. Basecamp Wealth Advisors LLC boosted its holdings in shares of Carnival by 107.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after purchasing an additional 542 shares during the period. Finally, Reflection Asset Management bought a new stake in Carnival during the 4th quarter valued at $32,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Stock Performance

Shares of Carnival stock opened at $28.14 on Friday. The company has a market capitalization of $38.54 billion, a PE ratio of 12.67, a P/E/G ratio of 1.25 and a beta of 2.35. The company has a 50-day simple moving average of $27.98 and a two-hundred day simple moving average of $27.86. Carnival Corporation has a one year low of $23.45 and a one year high of $34.03. 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 released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Research analysts expect that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Carnival’s dividend payout ratio is presently 27.03%.

Insider Activity at Carnival

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction 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 sale, the insider owned 69,238 shares in the company, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CCL. TD Cowen upped their price objective on shares of Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research upgraded shares of Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Citigroup upped their price target on shares of Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Freedom Capital upgraded shares of Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. Finally, BMO Capital Markets initiated coverage on shares of Carnival in a report on Tuesday, July 7th. They set a “market perform” rating and a $30.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Carnival has a consensus rating of “Moderate Buy” and an average target price of $35.08.

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.