Sei Investments Co. Lowers Stock Holdings in Carnival Corporation $CCL

Sei Investments Co. lowered its position in shares of Carnival Corporation (NYSE:CCL) by 3.3% in the 1st quarter, HoldingsChannel reports. The firm owned 5,736,163 shares of the company’s stock after selling 192,953 shares during the quarter. Sei Investments Co.’s holdings in Carnival were worth $148,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Auto Owners Insurance Co raised its holdings in shares of Carnival by 2,954.0% during the 4th 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 in the last quarter. Viking Global Investors LP purchased a new stake in Carnival in the fourth quarter worth approximately $429,448,000. Pacer Advisors Inc. boosted its stake in Carnival by 2,432.8% in the fourth quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock worth $204,311,000 after buying an additional 6,425,822 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Carnival by 99.6% during the third quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock worth $351,535,000 after acquiring an additional 6,066,336 shares in the last quarter. Finally, Victory Capital Management Inc. lifted 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 worth $156,740,000 after acquiring an additional 4,833,723 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival unveiled Carnival Destiny, the first ship in its new Ace Class fleet, giving the company a fresh platform to showcase new ship design, guest experiences, and itineraries tied to the Caribbean, Bahamas, and Mexico. Carnival (CCL) Unveils Ace Class Debut With Carnival Destiny
• Positive Sentiment: Truist raised its price target on Carnival to $31 from $29, signaling continued analyst confidence in the stock’s upside potential even while keeping a hold rating. Truist price target update on Carnival
• Positive Sentiment: Commentary from analysts and recent coverage pointed to strong bookings, improved balance-sheet health, and fuel-efficiency gains as reasons the company could remain resilient despite macro and geopolitical headwinds. Carnival: Fuel/Demand Risks Depress Near-Term Recovery Prospects; Contrarian Buy
• Neutral Sentiment: Recent articles framed Carnival as still working through a post-earnings pullback, with questions about whether the stock can rebound after falling since its last report. Carnival (CCL) Down 9.7% Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: Investors continue to weigh fuel and demand risks that could pressure near-term recovery prospects, even though those concerns may already be reflected in guidance and valuation. Carnival: Fuel/Demand Risks Depress Near-Term Recovery Prospects; Contrarian Buy

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Loop Capital initiated coverage on shares of Carnival in a research note on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Citigroup boosted their price target on shares of Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Weiss Ratings lowered shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Melius Research set a $36.00 price objective on Carnival in a report on Wednesday, June 17th. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.08.

Carnival Stock Down 3.0%

Shares of Carnival stock opened at $25.32 on Friday. 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 Corporation has a 52-week low of $23.45 and a 52-week high of $34.03. The company’s 50 day moving average price is $27.48 and its 200-day moving average price is $28.08. The stock has a market capitalization of $34.68 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 1.15 and a beta of 2.32.

Carnival (NYSE:CCL) last posted 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 company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business 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. Equities research analysts forecast that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be given a $0.15 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.4%. Carnival’s payout ratio is presently 27.03%.

Insider Activity at Carnival

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’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 completion of the transaction, the insider directly owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 7.90% of the company’s stock.

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.