Arrowstreet Capital Limited Partnership Sells 2,924,960 Shares of Carnival Corporation $CCL

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Carnival Corporation (NYSE:CCL) by 59.3% in the 1st quarter, HoldingsChannel reports. The firm owned 2,005,179 shares of the company’s stock after selling 2,924,960 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Carnival were worth $51,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BOCHK Asset Management Ltd acquired a new stake in shares of Carnival during the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new position in Carnival in the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. acquired a new position in Carnival in the 4th quarter valued at about $26,000. Newbridge Financial Services Group Inc. raised its holdings in Carnival by 381.0% in 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 during the period. Finally, Optima Capital LLC bought a new position in Carnival in the 4th quarter valued at about $32,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Trading Up 2.9%

Shares of NYSE:CCL opened at $27.09 on Tuesday. The business’s 50 day simple moving average is $27.56 and its 200 day simple moving average is $28.00. Carnival Corporation has a 1 year low of $23.45 and a 1 year high of $34.03. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. The company has a market capitalization of $37.11 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.16 and a beta of 2.32.

Carnival (NYSE:CCL) last announced its quarterly earnings data 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 firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, research analysts anticipate that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 2.2%. Carnival’s dividend payout ratio (DPR) is presently 27.03%.

Insider Buying and Selling

In related 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 sale, the insider owned 69,238 shares of the company’s stock, valued at $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CCL has been the subject of a number of research analyst reports. Truist Financial boosted their price objective on Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Barclays lowered their target price on Carnival from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 24th. Freedom Capital raised Carnival to a “strong-buy” rating in a report on Wednesday, June 3rd. Susquehanna boosted their price target on Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Wednesday, June 24th. Finally, Citigroup upped their price objective on Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.08.

Carnival Company 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.