Kentucky Retirement Systems Sells 31,696 Shares of Carnival Corporation $CCL

Kentucky Retirement Systems trimmed its holdings in shares of Carnival Corporation (NYSE:CCL) by 46.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,164 shares of the company’s stock after selling 31,696 shares during the period. Kentucky Retirement Systems’ holdings in Carnival were worth $936,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in Carnival by 19.3% during the 1st quarter. Janus Henderson Group PLC now owns 73,614 shares of the company’s stock worth $1,906,000 after acquiring an additional 11,884 shares during the last quarter. Bull Harbor Capital LLC bought a new position in shares of Carnival in the first quarter worth about $663,000. Strategic Investment Advisors MI raised its stake in shares of Carnival by 135.7% in the first quarter. Strategic Investment Advisors MI now owns 25,767 shares of the company’s stock worth $670,000 after acquiring an additional 14,836 shares during the last quarter. Amundi lifted its position in shares of Carnival by 33.5% during the first quarter. Amundi now owns 4,047,133 shares of the company’s stock worth $104,740,000 after purchasing an additional 1,015,443 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Carnival by 25.4% during the first quarter. EverSource Wealth Advisors LLC now owns 36,814 shares of the company’s stock worth $953,000 after purchasing an additional 7,467 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Trading Up 0.3%

CCL opened at $27.85 on Friday. The firm’s fifty day moving average is $27.75 and its two-hundred day moving average is $27.92. The firm has a market cap of $38.14 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.22 and a beta of 2.32. Carnival Corporation has a twelve month low of $23.45 and a twelve month 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 issued its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. 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 research analysts anticipate that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 7th. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CCL. Citigroup lifted their target price on Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Melius Research set a $36.00 price target on Carnival in a research note on Wednesday, June 17th. Sanford C. Bernstein lowered Carnival from a “market perform” rating to a “market perform” rating in a research note on Tuesday, June 23rd. Loop Capital started coverage on Carnival in a report on Monday, June 1st. They issued a “buy” rating and a $36.00 price target on the stock. Finally, Tigress Financial lifted their price objective on Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a research report 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.08.

Insider Buying and Selling at Carnival

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction dated 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 directly 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 filing with the SEC, which is available through this link. 7.90% of the stock is owned by corporate insiders.

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.