Carnival Corporation $CCL Shares Acquired by Artemis Investment Management LLP

Key Points

• Artemis Investment Management LLP raised its Carnival stake by 17.8% in Q4 to 3,556,085 shares (about $108.6M), making Carnival its 19th largest holding.
• UK court sanctioned Carnival’s DLC unification and redomiciliation (Panama to Bermuda), clearing a major legal step that could simplify structure, improve governance and support a higher valuation multiple.
• Carnival beat quarterly expectations (EPS $0.20 vs. $0.18; revenue $6.17B) and carries a consensus analyst price target of $33.99 versus recent trading around $26.67, suggesting potential upside.

Artemis Investment Management LLP lifted its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,556,085 shares of the company's stock after buying an additional 537,167 shares during the period. Carnival makes up about 1.3% of Artemis Investment Management LLP's investment portfolio, making the stock its 19th largest holding. Artemis Investment Management LLP owned about 0.30% of Carnival worth $108,603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP lifted 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 period. Dimensional Fund Advisors LP lifted its position in Carnival by 50.7% in the third quarter. Dimensional Fund Advisors LP now owns 14,510,016 shares of the company's stock worth $419,573,000 after purchasing an additional 4,883,024 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Carnival by 1,945.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,170,268 shares of the company's stock worth $120,562,000 after purchasing an additional 3,966,422 shares during the period. Causeway Capital Management LLC lifted its position in Carnival by 9.6% in the third quarter. Causeway Capital Management LLC now owns 31,912,001 shares of the company's stock worth $922,576,000 after purchasing an additional 2,783,927 shares during the period. Finally, Federated Hermes Inc. lifted its position in Carnival by 11,343.8% in the third quarter. Federated Hermes Inc. now owns 2,448,979 shares of the company's stock worth $70,800,000 after purchasing an additional 2,427,579 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Stock Up 0.6%

CCL stock opened at $26.67 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Corporation has a 52-week low of $19.02 and a 52-week high of $34.03. The company has a 50-day moving average of $27.02 and a two-hundred day moving average of $28.33. The stock has a market capitalization of $33.04 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.17 and a beta of 2.33.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. Carnival had a net margin of 11.48% and a return on equity of 26.92%. The company had revenue of $6.17 billion during the quarter, compared to analysts' expectations of $6.13 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The business's quarterly revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Carnival Corporation will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CCL shares. TD Cowen restated a "buy" rating on shares of Carnival in a research report on Tuesday, January 13th. Susquehanna cut their price objective on Carnival from $40.00 to $30.00 and set a "positive" rating for the company in a research report on Monday, March 23rd. Barclays cut their price objective on Carnival from $37.00 to $36.00 and set an "overweight" rating for the company in a research report on Tuesday, March 24th. Stifel Nicolaus cut their price objective on Carnival from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, March 11th. Finally, Wall Street Zen downgraded Carnival from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $33.99.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: UK court sanctioned Carnival’s DLC Unification and redomiciliation, clearing a major legal step to combine Carnival Corporation and Carnival plc and redomicile from Panama to Bermuda — this reduces structural complexity and may improve corporate governance, investor access and valuation multiple. Court Sanction of Scheme of Arrangement
• Positive Sentiment: An analyst note set a $33.99 target for CCL, signaling upside from current levels and potentially supporting buying interest if other catalysts align. Analysts Set Carnival Corporation NYSE: CCL Target Price at $33.99
• Positive Sentiment: Holland America Line (a Carnival brand) disclosed extended 2028 Grand Voyage itineraries (long, premium cruises) — a product upgrade that supports higher‑yield inventory and brand strength over time. Holland America Line Charts Six Continents and Rare and Renowned Ports in 2028 Grand Voyages
• Neutral Sentiment: Coverage pieces note Wall Street optimism toward Carnival; these editorial/analyst summaries can move sentiment but often lack immediate operational impact. Wall Street Bulls Look Optimistic About Carnival (CCL): Should You Buy?
• Neutral Sentiment: Market writeups explaining why CCL is trading up summarize recent catalysts (court sanction, analyst notes); they reinforce momentum but don't add new fundamentals. Why Carnival (CCL) stock is trading up today
• Negative Sentiment: Analysts and comparisons to peers (e.g., Booking Holdings) highlight persistent risks for Carnival — fuel cost volatility, macro/currency exposure and discretionary‑spending sensitivity — which could pressure margins and multiples. Carnival vs. Booking: Which Travel Stock Holds the Stronger Position?
• Negative Sentiment: Recent intraday/near‑term pullbacks have occurred (reports of a recent dip), underscoring short‑term volatility and sensitivity to broader market moves. Carnival (CCL) Sees a More Significant Dip Than Broader Market: Some Facts to Know

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 transaction, the director owned 52,601 shares of the company's stock, valued at $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.

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