Amundi Boosts Stake in Carnival Corporation $CCL

Key Points

• Amundi increased its Carnival stake by 33.5% in the first quarter, purchasing 1.02 million additional shares and bringing its holdings to approximately $104.7 million. Institutional investors collectively own 67.19% of Carnival.
• Analysts maintain a generally positive outlook, with Carnival carrying a consensus “Moderate Buy” rating and an average price target of $35.08, compared with a recent share price of $27.85.
• Carnival exceeded quarterly EPS expectations, reporting $0.41 versus the $0.34 consensus estimate, while revenue rose 5.3% year over year to $6.66 billion. The company also announced a quarterly dividend of $0.15 per share, yielding about 2.2% annually.

Amundi lifted its position in Carnival Corporation (NYSE:CCL - Free Report) by 33.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,047,133 shares of the company's stock after purchasing an additional 1,015,443 shares during the quarter. Amundi owned approximately 0.33% of Carnival worth $104,740,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Triad Wealth Partners LLC increased its holdings in shares of Carnival by 2.1% in the 4th quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company's stock valued at $533,000 after acquiring an additional 358 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in Carnival by 3.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company's stock valued at $322,000 after purchasing an additional 358 shares during the last quarter. StoneX Group Inc. boosted its stake in Carnival by 4.9% during the 4th quarter. StoneX Group Inc. now owns 7,935 shares of the company's stock worth $242,000 after purchasing an additional 368 shares during the period. Brooklyn Investment Group boosted its stake in Carnival by 1.9% during the 3rd quarter. Brooklyn Investment Group now owns 21,363 shares of the company's stock worth $618,000 after purchasing an additional 396 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Carnival by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 33,540 shares of the company's stock worth $1,024,000 after purchasing an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of research reports. Sanford C. Bernstein cut shares of Carnival from a "market perform" rating to a "market perform" rating in a report on Tuesday, June 23rd. Loop Capital started coverage on Carnival in a report on Monday, June 1st. They set a "buy" rating and a $36.00 price target on the stock. Freedom Capital upgraded Carnival to a "strong-buy" rating in a research report on Wednesday, June 3rd. UBS Group reduced their price objective on Carnival from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Monday, April 13th. Finally, Argus set a $35.00 price objective on Carnival in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.08.

Carnival Price Performance

Shares of NYSE:CCL opened at $27.85 on Friday. Carnival Corporation has a 52 week low of $23.45 and a 52 week high of $34.03. The company has a 50-day moving average price of $27.75 and a 200 day moving average price of $27.92. The company has a market cap of $38.14 billion, a P/E ratio of 12.54, a PEG ratio of 1.23 and a beta of 2.32. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results 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 return on equity of 26.11% and a net margin of 11.24%.The company had revenue of $6.66 billion for the quarter, compared to analysts' expectations of $6.69 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm'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. Research analysts predict that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 7th. Carnival's payout ratio is presently 27.03%.

Insider Buying and Selling at Carnival

In other news, 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 value of $1,209,929.80. Following the completion of the transaction, the insider owned 69,238 shares in the company, valued at $1,945,587.80. This trade represents a 38.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.90% of the stock is currently owned by company insiders.

About Carnival

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.

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corporation (NYSE:CCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.