Alyeska Investment Group L.P. Cuts Stock Holdings in Carnival Corporation $CCL

Key Points

• Alyeska Investment Group cut its Carnival stake by 35.7% in the second quarter, selling 1.86 million shares and retaining 3.36 million shares worth approximately $95.9 million.
• Analysts remain broadly positive on Carnival, with a consensus “Moderate Buy” rating and an average price target of $35.08, despite the stock opening at $24.80 and trading near its 52-week low.
• Carnival reported quarterly EPS of $0.41, beating estimates of $0.34, while revenue rose 5.3% year over year to $6.66 billion. The company also paid a quarterly dividend of $0.15, equivalent to a 2.4% annualized yield.

Alyeska Investment Group L.P. lowered its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 35.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,355,108 shares of the company's stock after selling 1,863,494 shares during the quarter. Alyeska Investment Group L.P. owned 0.24% of Carnival worth $95,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Auto Owners Insurance Co increased its stake in Carnival by 2,954.0% in 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 during the last quarter. Viking Global Investors LP bought a new stake in Carnival during the fourth quarter worth $429,448,000. Pacer Advisors Inc. boosted its position 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 purchasing an additional 6,425,822 shares during the last quarter. Wellington Management Group LLP boosted its position in Carnival by 99.6% in the third quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company's stock worth $351,535,000 after purchasing an additional 6,066,336 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Carnival by 1,619.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company's stock valued at $156,740,000 after purchasing an additional 4,833,723 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCL. Wells Fargo & Company boosted their price target on shares of Carnival from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Loop Capital assumed coverage on shares of Carnival in a research report on Monday, June 1st. They set a "buy" rating and a $36.00 price target for the company. Susquehanna raised their price objective on shares of Carnival from $30.00 to $33.00 and gave the stock a "positive" rating in a report on Wednesday, June 24th. TD Cowen lifted their price objective on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Finally, Barclays dropped their target price on shares of Carnival from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $35.08.

Carnival Trading Down 0.6%

Shares of CCL opened at $24.80 on Friday. The business has a 50-day moving average of $27.36 and a 200 day moving average of $27.52. Carnival Corporation has a fifty-two week low of $23.45 and a fifty-two week high of $34.03. The firm has a market cap of $33.97 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.03 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.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business had revenue of $6.66 billion for the quarter, compared to analysts' expectations of $6.69 billion. During the same period in the previous year, the business posted $0.35 EPS. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. 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, research analysts forecast that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 7th. Carnival's payout ratio is currently 27.03%.

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.

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