Handelsbanken Fonder AB Has $11.57 Million Stock Holdings in Carnival Corporation $CCL

Key Points

• Handelsbanken Fonder AB cut its Carnival stake by 25.5% in the second quarter, selling 138,233 shares and retaining 404,907 shares valued at approximately $11.57 million. Institutional investors collectively own 67.19% of Carnival.
• Analyst sentiment remains generally positive, with Carnival carrying a consensus “Moderate Buy” rating and an average price target of $35.08, compared with shares opening at $28.40.
• Carnival reported quarterly EPS of $0.41, beating estimates of $0.34, while revenue reached $6.66 billion and rose 5.3% year over year. The company also announced a quarterly dividend of $0.15 per share, equivalent to a 2.1% annual yield.

Handelsbanken Fonder AB decreased its stake in Carnival Corporation (NYSE:CCL - Free Report) by 25.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 404,907 shares of the company's stock after selling 138,233 shares during the quarter. Handelsbanken Fonder AB's holdings in Carnival were worth $11,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Carnival in the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new stake in Carnival in the 4th quarter valued at approximately $26,000. Optima Capital LLC bought a new stake in shares of Carnival in the fourth quarter worth $32,000. Kemnay Advisory Services Inc. bought a new stake in Carnival during the 4th quarter worth about $32,000. Finally, Basecamp Wealth Advisors LLC boosted its position in Carnival by 107.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company's stock valued at $27,000 after purchasing an additional 542 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Wall Street Analyst Weigh In

CCL has been the subject of a number of recent analyst reports. Melius Research set a $36.00 price target on shares of Carnival in a research note on Wednesday, June 17th. Weiss Ratings downgraded Carnival from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, May 18th. BMO Capital Markets began coverage on shares of Carnival in a research report on Tuesday, July 7th. They set a "market perform" rating and a $30.00 target price on the stock. Sanford C. Bernstein downgraded shares of Carnival from a "market perform" rating to a "market perform" rating in a research report on Tuesday, June 23rd. Finally, Loop Capital started coverage on Carnival in a research report on Monday, June 1st. They set a "buy" rating and a $36.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Carnival presently has a consensus rating of "Moderate Buy" and an average target price of $35.08.

Insider Activity at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the transaction, the insider directly owned 69,238 shares of the company's stock, valued at $1,945,587.80. The trade was a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.90% of the stock is currently owned by corporate insiders.

Carnival Trading Up 2.7%

Shares of NYSE CCL opened at $28.40 on Friday. The firm has a 50 day moving average price of $27.96 and a two-hundred day moving average price of $27.86. The stock has a market cap of $38.90 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.22 and a beta of 2.35. Carnival Corporation has a 52-week low of $23.45 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $6.66 billion for the quarter, compared to analysts' expectations of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. Carnival's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts forecast that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, August 7th. Carnival's dividend payout ratio (DPR) is 27.03%.

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.

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