Handelsbanken Fonder AB Cuts Position in Carnival Corporation $CCL

Handelsbanken Fonder AB reduced its stake in shares of Carnival Corporation (NYSE:CCL) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 769,679 shares of the company’s stock after selling 35,135 shares during the period. Handelsbanken Fonder AB’s holdings in Carnival were worth $22,251,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Andra AP fonden grew its position in Carnival by 9.3% during the third quarter. Andra AP fonden now owns 1,018,900 shares of the company’s stock worth $29,456,000 after buying an additional 86,400 shares during the period. DNB Asset Management AS grew its holdings in shares of Carnival by 4.4% in the 3rd quarter. DNB Asset Management AS now owns 193,152 shares of the company’s stock worth $5,584,000 after acquiring an additional 8,200 shares during the period. Choreo LLC grew its holdings in shares of Carnival by 12.7% in the 3rd quarter. Choreo LLC now owns 44,769 shares of the company’s stock worth $1,294,000 after acquiring an additional 5,033 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Carnival by 4.6% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,142,540 shares of the company’s stock valued at $61,941,000 after purchasing an additional 93,517 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Carnival by 235.6% during the third quarter. Intech Investment Management LLC now owns 191,238 shares of the company’s stock worth $5,529,000 after purchasing an additional 134,246 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CCL shares. Truist Financial upped their target price on Carnival from $31.00 to $34.00 and gave the company a “hold” rating in a report on Thursday, January 22nd. TD Cowen restated a “buy” rating on shares of Carnival in a report on Tuesday, January 13th. UBS Group upped their price target on shares of Carnival from $37.00 to $38.00 and gave the company a “buy” rating in a report on Monday, January 12th. Stifel Nicolaus raised their price objective on shares of Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Carnival from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Carnival currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Carnival Trading Down 3.4%

NYSE CCL opened at $31.58 on Friday. The company has a market cap of $39.05 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.15 and a beta of 2.49. Carnival Corporation has a 12 month low of $15.07 and a 12 month high of $34.03. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.32 and a quick ratio of 0.28. The company has a 50-day moving average of $31.10 and a 200-day moving average of $29.58.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Friday, December 19th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.09. The company had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.38 billion. Carnival had a net margin of 10.37% and a return on equity of 28.39%. Carnival’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, equities analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Carnival Announces Dividend

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

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.