Carnival Corporation $CCL Shares Bought by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Carnival stake by 261.2% in the second quarter, holding 91,409 shares valued at approximately $2.61 million. Institutional investors collectively own 67.19% of Carnival’s stock.
• Carnival reported quarterly earnings of $0.41 per share, beating estimates of $0.34, while revenue rose 5.3% year over year to $6.66 billion. The company also declared a quarterly dividend of $0.15, equivalent to a 2.7% annualized yield.
• Analysts maintain a broadly positive view, with a “Moderate Buy” consensus and an average price target of $34.45, but rising oil prices, softer pricing and European itinerary disruptions remain key risks ahead of the September 29 earnings release.

Envestnet Portfolio Solutions Inc. lifted its position in shares of Carnival Corporation (NYSE:CCL - Free Report) by 261.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,409 shares of the company's stock after acquiring an additional 66,100 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Carnival were worth $2,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CCL. Lazard Asset Management LLC purchased a new stake in shares of Carnival in the 1st quarter worth about $1,732,000. Vaughan Nelson Investment Management L.P. increased its holdings in Carnival by 95.9% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 889,393 shares of the company's stock valued at $23,017,000 after acquiring an additional 435,470 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Carnival during the 2nd quarter valued at about $15,383,000. National Pension Service raised its position in Carnival by 8.7% during the second quarter. National Pension Service now owns 3,228,771 shares of the company's stock worth $92,246,000 after acquiring an additional 258,460 shares during the last quarter. Finally, Allstate Corp raised its position in Carnival by 96.5% during the fourth quarter. Allstate Corp now owns 74,258 shares of the company's stock worth $2,268,000 after acquiring an additional 36,476 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival News Roundup

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Analysts remain broadly constructive despite recent weakness. Bank of America maintained a “buy” rating with a revised $38 price target, while JPMorgan retained an “overweight” rating and set a $39 target. These targets imply substantial upside if Carnival can demonstrate that current pressures are temporary. Bank of America Carnival price target article
• Positive Sentiment: Demand and pricing have remained relatively resilient. Carnival reportedly reduced its 2026 yield outlook partly to protect ticket prices rather than fill ships at heavy discounts, suggesting the business has not experienced a fundamental demand collapse. Its recent quarterly results also showed year-over-year revenue growth and earnings above estimates. Carnival Europe demand analysis
• Neutral Sentiment: The September 29 earnings release is the immediate catalyst. Investors will focus on bookings, ticket pricing, onboard spending, occupancy, free cash flow and management’s outlook for the remainder of 2026. Carnival Q3 earnings preview
• Negative Sentiment: Surging oil prices are the largest near-term headwind. Carnival is described as the only major cruise operator without fuel hedges, leaving it especially exposed to higher costs; Bank of America expects the impact to be more significant in the fourth quarter than in Q3. Carnival fuel cost and price target article
• Negative Sentiment: Jefferies cut earnings estimates because of higher fuel expenses, softer pricing and disruptions affecting European itineraries. Analysts also warn that operational execution is being overshadowed by geopolitical and travel-related factors beyond Carnival’s control. Carnival fuel and pricing headwinds article

Analyst Ratings Changes

Several analysts have recently commented on CCL shares. Argus set a $35.00 price target on shares of Carnival in a research report on Friday, June 26th. BMO Capital Markets assumed coverage on Carnival in a research report on Tuesday, July 7th. They set a "market perform" rating and a $30.00 price objective for the company. Stifel Nicolaus reduced their target price on Carnival from $37.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, September 16th. Sanford C. Bernstein cut Carnival from a "market perform" rating to a "market perform" rating in a report on Tuesday, June 23rd. Finally, Barclays dropped their price target on Carnival from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $34.45.

Carnival Trading Up 2.2%

CCL opened at $22.28 on Friday. The firm's 50 day moving average is $25.36 and its 200-day moving average is $26.35. Carnival Corporation has a 52-week low of $21.45 and a 52-week high of $34.03. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $30.51 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.95 and a beta of 2.31.

Carnival (NYSE:CCL - Get Free Report) last announced its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. Analysts expect that Carnival Corporation will post 2.21 EPS for the current fiscal year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. Carnival's dividend payout ratio is currently 27.03%.

Carnival Profile

Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.

The company's brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and P&O Cruises Australia.

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