Wedge Capital Management L L P NC Decreases Stake in Carnival Corporation $CCL

Wedge Capital Management L L P NC lowered its stake in Carnival Corporation (NYSE:CCL) by 7.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,452,363 shares of the company’s stock after selling 116,806 shares during the quarter. Carnival accounts for 0.7% of Wedge Capital Management L L P NC’s portfolio, making the stock its 29th biggest position. Wedge Capital Management L L P NC’s holdings in Carnival were worth $41,494,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CCL. Commerzbank Aktiengesellschaft FI raised its holdings in Carnival by 3.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock valued at $322,000 after buying an additional 358 shares during the last quarter. StoneX Group Inc. grew its holdings in Carnival by 4.9% in the 4th quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock worth $242,000 after acquiring an additional 368 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Carnival by 1.9% in the third quarter. Brooklyn Investment Group now owns 21,363 shares of the company’s stock valued at $618,000 after acquiring an additional 396 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Carnival by 1.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,540 shares of the company’s stock valued at $1,024,000 after acquiring an additional 408 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in shares of Carnival by 3.9% during the fourth quarter. Orion Porfolio Solutions LLC now owns 11,816 shares of the company’s stock worth $361,000 after purchasing an additional 446 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCL. Melius Research set a $36.00 price target on Carnival in a report on Wednesday, June 17th. Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Freedom Capital upgraded shares of Carnival to a “strong-buy” rating in a report on Wednesday, June 3rd. Susquehanna raised their target price on shares of Carnival from $30.00 to $33.00 and gave the stock a “positive” rating in a research report on Wednesday, June 24th. Finally, Sanford C. Bernstein lowered shares of Carnival from a “market perform” rating to a “market perform” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carnival has a consensus rating of “Moderate Buy” and a consensus target price of $35.08.

Carnival Stock Down 0.2%

Shares of NYSE:CCL opened at $27.68 on Wednesday. The firm has a market capitalization of $37.91 billion, a P/E ratio of 12.47, a P/E/G ratio of 1.22 and a beta of 2.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. The stock has a 50 day moving average price of $27.94 and a 200-day moving average price of $27.87. Carnival Corporation has a 52-week low of $23.45 and a 52-week high of $34.03.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. The company 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 firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. As a group, equities research analysts anticipate that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The firm also recently declared 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 dividend yield of 2.2%. The ex-dividend date is Friday, August 7th. Carnival’s dividend payout ratio (DPR) is presently 27.03%.

Insider Transactions at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the sale, the insider owned 69,238 shares in the company, valued at $1,945,587.80. This represents a 38.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.90% of the stock is currently owned by company 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.