TD Asset Management Inc Lowers Stock Position in Carnival Corporation $CCL

TD Asset Management Inc trimmed its stake in Carnival Corporation (NYSE:CCL) by 33.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 392,106 shares of the company’s stock after selling 195,962 shares during the period. TD Asset Management Inc’s holdings in Carnival were worth $11,336,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in CCL. Evolution Wealth Management Inc. acquired a new position in Carnival during the second quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Carnival by 182.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock valued at $30,000 after buying an additional 659 shares during the period. LRI Investments LLC acquired a new position in Carnival during the 3rd quarter worth about $30,000. Farmers & Merchants Investments Inc. lifted its stake in Carnival by 140.6% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 1,516 shares of the company’s stock worth $44,000 after acquiring an additional 886 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in Carnival by 170.5% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,934 shares of the company’s stock valued at $56,000 after acquiring an additional 1,219 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Price Performance

Shares of CCL opened at $31.58 on Monday. The firm has a market capitalization of $39.05 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.15 and a beta of 2.42. The firm’s fifty day simple moving average is $31.10 and its 200-day simple moving average is $29.57. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $34.03. 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 (NYSE:CCL) last posted its earnings results on Friday, December 19th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.38 billion. Carnival had a return on equity of 28.39% and a net margin of 10.37%.Carnival’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. 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 forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, February 13th. Carnival’s dividend payout ratio (DPR) is 30.00%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCL. Weiss Ratings reiterated a “hold (c)” rating on shares of Carnival in a research note on Friday, December 26th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $34.00 target price on shares of Carnival in a research note on Monday, December 22nd. Sanford C. Bernstein raised their price target on shares of Carnival from $26.00 to $33.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Susquehanna upped their price objective on Carnival from $35.00 to $40.00 and gave the stock a “positive” rating in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company increased their price objective on Carnival from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Carnival has an average rating of “Moderate Buy” and an average target price of $35.00.

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.