Assenagon Asset Management S.A. Acquires 2,212,548 Shares of Carnival Corporation $CCL

Assenagon Asset Management S.A. lifted its holdings in shares of Carnival Corporation (NYSE:CCL) by 110.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,206,941 shares of the company’s stock after purchasing an additional 2,212,548 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Carnival were worth $108,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. CVA Family Office LLC boosted its holdings in Carnival by 15.6% in the fourth quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock worth $79,000 after purchasing an additional 350 shares in the last quarter. Net Worth Advisory Group increased its position in Carnival by 2.9% during the fourth quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock worth $378,000 after buying an additional 354 shares during the last quarter. Triad Wealth Partners LLC raised its holdings in Carnival by 2.1% during the fourth quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock valued at $533,000 after buying an additional 358 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Carnival by 3.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock valued at $322,000 after buying an additional 358 shares in the last quarter. Finally, StoneX Group Inc. lifted its position in shares of Carnival by 4.9% in the fourth quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock worth $242,000 after buying an additional 368 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Key Headlines Impacting Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival reported Q2 adjusted EPS of $0.41, ahead of estimates, with revenue of $6.66 billion and record net yields, showing resilient demand and solid pricing power.
• Positive Sentiment: The company highlighted record customer deposits, continued cost control, and ongoing deleveraging/share repurchases, which support the longer-term investment thesis.
• Neutral Sentiment: Jefferies said Carnival’s reduced fiscal 2026 guidance reflects near-term headwinds rather than a deterioration in the company’s long-term outlook, and it reiterated a Buy rating with a $35 price target. Article Title
• Neutral Sentiment: UBS warned that Carnival is unlikely to benefit much from an improvement in booking trends in 2026, suggesting limited near-term upside if demand stabilizes but does not accelerate sharply. Article Title
• Negative Sentiment: Management’s Q3 and full-year EPS guidance came in below Wall Street expectations, and the company cited geopolitical disruption in Europe/Mediterranean booking trends plus higher fuel costs as pressure points.
• Negative Sentiment: Several reports noted that investors sold the stock because the soft outlook overshadowed the earnings beat, indicating concern that strong current-quarter performance may not translate into faster earnings growth later this year.

Carnival Stock Up 0.5%

Shares of CCL stock opened at $28.86 on Thursday. Carnival Corporation has a 12 month low of $23.45 and a 12 month high of $34.03. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. The firm has a market cap of $35.75 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 1.27 and a beta of 2.32. The stock has a 50 day moving average of $27.37 and a 200-day moving average of $28.39.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter last year, the company posted $0.35 earnings per share. Carnival’s quarterly revenue was up 5.3% on a year-over-year basis. 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, equities analysts predict that Carnival Corporation will post 2.22 EPS for the current year.

Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 18th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. Carnival’s payout ratio is presently 26.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price objective on Carnival from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Weiss Ratings lowered Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Wall Street Zen cut Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. TD Cowen upped their target price on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, HSBC upgraded Carnival from a “hold” rating to a “buy” rating and lowered their price target for the company from $33.60 to $30.10 in a report on Monday, March 30th. One 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.04.

Insider Transactions at Carnival

In related news, Director Sir Jonathon Band sold 11,988 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the sale, the director owned 52,601 shares in the company, valued at approximately $1,377,620.19. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bettina Alejandra Deynes sold 43,058 shares of the 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 approximately $1,945,587.80. The trade was a 38.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,058 shares of company stock valued at $1,524,195 in the last ninety days. 7.90% of the stock is 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.