Corient Private Wealth LP Sells 71,450 Shares of Carnival Corporation $CCL

Key Points

• Corient Private Wealth reduced its Carnival stake by 27.6% in the second quarter, selling 71,450 shares and retaining 187,501 shares valued at approximately $5.36 million. Institutional investors collectively own 67.19% of Carnival.
• Analyst sentiment remains generally positive, with Carnival holding a consensus “Moderate Buy” rating and an average price target of $34.42, despite some target reductions and a recent downgrade to “Hold.”
• Carnival reported quarterly EPS of $0.41, exceeding estimates of $0.34, while revenue reached $6.66 billion and increased 5.3% year over year. The company also paid a quarterly dividend of $0.15 per share, representing a 2.7% annualized yield.

Corient Private Wealth LP cut its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 27.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 187,501 shares of the company's stock after selling 71,450 shares during the period. Corient Private Wealth LP's holdings in Carnival were worth $5,357,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Auto Owners Insurance Co grew 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. Pacer Advisors Inc. grew its position in shares of Carnival by 2,432.8% in the fourth quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company's stock valued at $204,311,000 after purchasing an additional 6,425,822 shares during the last quarter. Norges Bank acquired a new position in shares of Carnival in the fourth quarter valued at approximately $124,201,000. Milford Funds Ltd. bought a new position in shares of Carnival during the fourth quarter worth approximately $100,741,000. Finally, Amundi lifted its holdings in Carnival by 67.3% during the 2nd quarter. Amundi now owns 6,770,304 shares of the company's stock worth $193,428,000 after purchasing an additional 2,723,171 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCL. Weiss Ratings lowered Carnival from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, September 10th. Argus set a $35.00 target price on shares of Carnival in a research report on Friday, June 26th. Tigress Financial upped their price target on shares of Carnival from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. Stifel Nicolaus lowered their price target on shares of Carnival from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Susquehanna lifted their price objective on shares of Carnival from $30.00 to $33.00 and gave the stock a "positive" rating in a research note on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Carnival has a consensus rating of "Moderate Buy" and a consensus price target of $34.42.

Carnival Stock Down 1.6%

Shares of Carnival stock opened at $21.82 on Friday. The firm has a market cap of $29.89 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 0.96 and a beta of 2.31. Carnival Corporation has a one year low of $21.81 and a one year high of $34.03. The stock's 50-day moving average is $25.81 and its 200 day moving average is $26.55. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly 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. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Equities research analysts anticipate that Carnival Corporation will post 2.22 EPS for the current year.

Carnival Announces Dividend

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

Carnival Company 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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