Candriam S.C.A. Sells 43,360 Shares of Carnival Corporation $CCL

Candriam S.C.A. trimmed its stake in shares of Carnival Corporation (NYSE:CCL) by 49.9% in the first quarter, Holdings Channel.com reports. The firm owned 43,491 shares of the company’s stock after selling 43,360 shares during the quarter. Candriam S.C.A.’s holdings in Carnival were worth $1,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CCL. BOCHK Asset Management Ltd bought a new stake in shares of Carnival during the fourth quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Carnival in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Carnival in the 4th quarter valued at $26,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Carnival by 381.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock valued at $29,000 after acquiring an additional 762 shares in the last quarter. Finally, Optima Capital LLC acquired a new stake in shares of Carnival during the 4th quarter valued at $32,000. Institutional investors own 67.19% of the company’s stock.

Insiders Place Their Bets

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Carnival Stock Up 0.5%

Shares of NYSE:CCL opened at $26.62 on Thursday. The firm has a market cap of $36.47 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.17 and a beta of 2.32. Carnival Corporation has a 12-month low of $23.45 and a 12-month high of $34.03. The business has a fifty day simple moving average of $27.43 and a 200 day simple moving average of $28.27. 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 quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 EPS. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Analysts predict that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be issued a $0.15 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.3%. Carnival’s dividend payout ratio is presently 27.03%.

Analysts Set New Price Targets

CCL has been the subject of a number of recent research reports. TD Cowen upped their target price on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Argus set a $35.00 price target on Carnival in a research note on Friday, June 26th. Melius Research set a $36.00 price target on Carnival in a report on Wednesday, June 17th. Weiss Ratings downgraded Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Morgan Stanley upgraded shares of Carnival from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $33.00 to $31.00 in a report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.99.

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.