Carnival Corporation $CCL Shares Sold by First National Trust Co

First National Trust Co lessened its position in shares of Carnival Corporation (NYSE:CCL) by 20.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Auto Owners Insurance Co boosted its position in Carnival by 2,954.0% in the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock valued at $60,625,000 after buying an additional 19,201,000 shares during the last quarter. Viking Global Investors LP purchased a new position in Carnival during the 4th quarter worth approximately $429,448,000. Pacer Advisors Inc. lifted its stake in Carnival by 2,432.8% during the 4th quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock valued at $204,311,000 after acquiring an additional 6,425,822 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Carnival by 99.6% in 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 last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Carnival by 1,619.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company’s stock valued at $156,740,000 after acquiring an additional 4,833,723 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the sale, the insider owned 69,238 shares of the company’s stock, valued at $1,945,587.80. The trade was a 38.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of research reports. Loop Capital initiated coverage on shares of Carnival in a research report on Monday, June 1st. They set a “buy” rating and a $36.00 target price for the company. Truist Financial upped their price objective on Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings lowered shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research upgraded shares of Carnival from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Tigress Financial increased their target price on shares of Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Carnival currently has an average rating of “Moderate Buy” and a consensus price target of $35.08.

Carnival Stock Performance

CCL opened at $28.14 on Friday. The firm’s fifty day simple moving average is $27.98 and its two-hundred day simple moving average is $27.86. Carnival Corporation has a 52-week low of $23.45 and a 52-week high of $34.03. The company has a market cap of $38.54 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.25 and a beta of 2.35. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $6.69 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. 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 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 7th. Carnival’s dividend payout ratio is currently 27.03%.

Carnival 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.