Fideuram Intesa Sanpaolo Private Banking S.P.A. Takes $853,000 Position in Carnival Corporation $CCL

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Carnival Corporation (NYSE:CCL) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,960 shares of the company’s stock, valued at approximately $853,000.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB raised its holdings in shares of Carnival by 10.0% in the fourth quarter. Swedbank AB now owns 519,939 shares of the company’s stock worth $15,879,000 after buying an additional 47,070 shares during the period. Vanguard Group Inc. lifted its stake in shares of Carnival by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock worth $3,913,190,000 after acquiring an additional 368,445 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Carnival by 5.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,774,765 shares of the company’s stock valued at $51,867,000 after acquiring an additional 93,565 shares during the period. Nordea Investment Management AB grew its position in Carnival by 42.8% in the 4th quarter. Nordea Investment Management AB now owns 2,126,893 shares of the company’s stock valued at $65,487,000 after acquiring an additional 637,605 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Carnival by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,252,014 shares of the company’s stock valued at $69,632,000 after acquiring an additional 109,474 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CCL shares. Truist Financial decreased their target price on Carnival from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Friday, May 22nd. Barclays cut their price target on shares of Carnival from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, June 24th. Stifel Nicolaus raised their price target on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Citigroup lifted their price objective on shares of Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Finally, Sanford C. Bernstein cut shares of Carnival from a “market perform” rating to a “market perform” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.23.

Insider Activity at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was 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 directly owned 69,238 shares in the company, valued at $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 7.90% of the company’s stock.

Carnival Price Performance

NYSE CCL opened at $27.95 on Friday. The company has a market cap of $38.29 billion, a PE ratio of 12.59, a P/E/G ratio of 1.23 and a beta of 2.32. The firm’s 50 day moving average price is $27.41 and its 200-day moving average price is $28.47. 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.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. Carnival’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Sell-side analysts forecast that Carnival Corporation will post 2.22 EPS for the current fiscal year.

Carnival Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, May 18th. Carnival’s payout ratio is presently 27.03%.

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.