BW Gestao de Investimentos Ltda. Decreases Stock Position in Carnival Corporation $CCL

Key Points

• BW Gestao de Investimentos cut its stake in Carnival by 57.9% in Q3, selling 219,999 shares and leaving 160,000 shares valued at about $4.63 million.
• Several large institutions materially increased exposure — Vanguard now owns about 126.66 million shares (+6.0%), Holocene Advisors added to reach 10.29 million shares (+184.3%), and Dimensional Fund Advisors holds ~14.51 million shares (+50.7%) — with institutional investors owning roughly 67.19% of CCL.
• Analysts are broadly constructive (MarketBeat consensus: Moderate Buy, target $35.09 with some firms raising targets to as high as $45), but near-term risks from rising oil prices and Middle East geopolitical tensions are pressuring travel stocks and could weigh on Carnival’s margins.

BW Gestao de Investimentos Ltda. lessened its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 57.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 160,000 shares of the company's stock after selling 219,999 shares during the quarter. BW Gestao de Investimentos Ltda.'s holdings in Carnival were worth $4,626,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CCL. Vanguard Group Inc. boosted its stake in Carnival by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company's stock worth $3,561,777,000 after purchasing an additional 7,157,739 shares in the last quarter. Holocene Advisors LP increased its stake in Carnival by 184.3% during the 2nd quarter. Holocene Advisors LP now owns 10,289,947 shares of the company's stock valued at $289,353,000 after purchasing an additional 6,669,935 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Carnival by 50.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,510,016 shares of the company's stock valued at $419,573,000 after purchasing an additional 4,883,024 shares in the last quarter. 59 North Capital Management LP raised its holdings in shares of Carnival by 117.1% in the second quarter. 59 North Capital Management LP now owns 7,704,185 shares of the company's stock worth $216,642,000 after buying an additional 4,155,630 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Carnival by 1,945.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,170,268 shares of the company's stock worth $120,562,000 after buying an additional 3,966,422 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CCL. Zacks Research raised shares of Carnival from a "hold" rating to a "strong-buy" rating in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft raised their target price on Carnival from $33.00 to $34.00 and gave the stock a "hold" rating in a research note on Monday, December 22nd. Argus reiterated a "buy" rating and set a $35.00 price target on shares of Carnival in a research note on Monday, December 22nd. TD Cowen reissued a "buy" rating on shares of Carnival in a report on Tuesday, January 13th. Finally, Bank of America raised their price objective on Carnival from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $35.09.

More Carnival News

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival’s travel/hospitality exposure is being picked up by S&P 500-related funds, which can support demand for CCL shares through passive flows and index reweighting. Carnival Corporation NYSE: CCL Hospitality Travel Presence In S&P 500 Fund
• Neutral Sentiment: Carnival is celebrating the 20th anniversary of the Grand Turk Cruise Center, highlighting long-term port relationships and community engagement—positive PR but unlikely to move near-term fundamentals materially. Carnival Marks Grand Turk Milestone As Long Term Port Story Evolves
• Negative Sentiment: Surging oil prices tied to Iran/Middle East tensions are pressuring cruise operators’ margins and pushing travel stocks lower, a key driver of today’s selloff in CCL. CCL, RCL, NCLH Stocks Slammed as Oil Prices Surge and Geopolitical Tensions Roil Cruise Sector
• Negative Sentiment: Multiple market reports note that Mideast geopolitical developments lifted oil and pressured travel stocks this morning, contributing to CCL’s decline in early trading. Carnival Stock Falls As Mideast Tensions Push Oil Prices Higher
• Negative Sentiment: Analysts and market write-ups flag the travel sector as one of the worst-hit since the Iran war escalation; continued geopolitical risk and higher fuel costs could weigh on near-term bookings and margins. The 2 Worst-Hit Stocks Since the Iran War Started Drop Again. Why There's Hope.
• Negative Sentiment: Carnival was listed among large-cap losers last week, reflecting recent investor caution around earnings, yields and geopolitical/sector headwinds—a reminder that downside momentum can persist. Celsius, Carnival Corp., MongoDB Are Among Top 10 Large Cap Losers Last Week (March 2-March 6)

Carnival Stock Up 2.2%

NYSE:CCL opened at $26.35 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.32 and a quick ratio of 0.28. The company's fifty day moving average price is $30.64 and its 200-day moving average price is $29.48. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $34.03. The firm has a market capitalization of $32.65 billion, a P/E ratio of 13.18, a PEG ratio of 0.95 and a beta of 2.42.

Carnival (NYSE:CCL - Get Free Report) last posted its earnings results on Friday, December 19th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.09. The company had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.38 billion. Carnival had a net margin of 10.37% and a return on equity of 28.39%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. As a group, equities research analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

Carnival Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.15 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.3%. Carnival's dividend payout ratio is presently 30.00%.

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.

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