Titleist Asset Management LLC Sells 29,000 Shares of Carnival Corporation $CCL

Titleist Asset Management LLC reduced its holdings in Carnival Corporation (NYSE:CCL) by 27.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,332 shares of the company’s stock after selling 29,000 shares during the period. Titleist Asset Management LLC’s holdings in Carnival were worth $2,236,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State of Michigan Retirement System boosted its stake in shares of Carnival by 9.9% in the 2nd quarter. State of Michigan Retirement System now owns 312,244 shares of the company’s stock valued at $8,780,000 after purchasing an additional 28,000 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in Carnival during the 2nd quarter valued at about $37,880,000. National Pension Service boosted its position in Carnival by 10.8% in the third quarter. National Pension Service now owns 2,795,560 shares of the company’s stock valued at $80,820,000 after buying an additional 272,452 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Carnival by 30.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 100,983 shares of the company’s stock worth $2,840,000 after buying an additional 23,866 shares during the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Carnival during the second quarter worth approximately $734,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CCL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Carnival in a report on Friday, December 26th. Mizuho increased their target price on Carnival from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. TD Cowen reaffirmed a “buy” rating on shares of Carnival in a report on Tuesday, January 13th. UBS Group increased their price objective on shares of Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Sanford C. Bernstein boosted their target price on shares of Carnival from $26.00 to $33.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.00.

Carnival Stock Performance

Shares of NYSE:CCL opened at $32.07 on Thursday. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 1.96. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $33.15. The stock has a market capitalization of $37.44 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.16 and a beta of 2.49. The business has a 50-day moving average price of $29.31 and a two-hundred day moving average price of $29.26.

Carnival (NYSE:CCL) last issued its earnings results on Friday, December 19th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.09. The company had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.38 billion. Carnival had a net margin of 10.37% and a return on equity of 28.39%. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. Equities analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.9%.

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.