KLP Kapitalforvaltning AS Grows Holdings in Carnival Corporation $CCL

Key Points

• KLP Kapitalforvaltning AS massively increased its Carnival stake by 75,700.0% in Q4, buying 378,500 shares to hold 379,000 shares valued at $11.575 million, while institutional investors now own about 67.19% of the company.
• Carnival beat expectations for the quarter with $0.20 EPS vs. $0.18 and $6.17 billion in revenue, and analysts maintain a generally positive view: consensus rating is "Moderate Buy" with a $33.99 price target (21 Buys, 5 Holds, 1 Sell).
• Director Sir Jonathon Band sold 11,988 shares (an 18.56% reduction), and the stock trades around $26.66 with a market cap of $33.04 billion, a P/E of 11.85, and a 52‑week range of $17.33–$34.03.

KLP Kapitalforvaltning AS raised its position in Carnival Corporation (NYSE:CCL - Free Report) by 75,700.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 379,000 shares of the company's stock after buying an additional 378,500 shares during the period. KLP Kapitalforvaltning AS's holdings in Carnival were worth $11,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Carnival by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company's stock valued at $2,191,000 after buying an additional 5,435 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in Carnival in the first quarter valued at $228,000. Empowered Funds LLC increased its holdings in Carnival by 61.6% in the first quarter. Empowered Funds LLC now owns 30,437 shares of the company's stock valued at $594,000 after buying an additional 11,601 shares in the last quarter. Woodline Partners LP increased its holdings in Carnival by 41.9% in the first quarter. Woodline Partners LP now owns 88,522 shares of the company's stock valued at $1,729,000 after buying an additional 26,141 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Carnival by 57.0% in the second quarter. Baird Financial Group Inc. now owns 64,720 shares of the company's stock valued at $1,820,000 after buying an additional 23,484 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Insider Activity at Carnival

In other news, Director Sir Jonathon Band sold 11,988 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $26.19, for a total transaction of $313,965.72. Following the completion of the sale, the director owned 52,601 shares of the company's stock, valued at $1,377,620.19. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCL. Barclays cut their price objective on shares of Carnival from $37.00 to $36.00 and set an "overweight" rating for the company in a report on Tuesday, March 24th. Sanford C. Bernstein cut their price objective on shares of Carnival from $33.00 to $28.70 and set a "market perform" rating for the company in a report on Monday, March 30th. Citigroup cut their target price on shares of Carnival from $39.00 to $35.00 and set a "buy" rating for the company in a research note on Monday, March 30th. William Blair reissued an "outperform" rating on shares of Carnival in a research note on Tuesday, March 3rd. Finally, Mizuho boosted their target price on shares of Carnival from $38.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, March 27th. Twenty-one research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $33.99.

Carnival Stock Down 1.0%

CCL stock opened at $26.66 on Friday. The stock has a market capitalization of $33.04 billion, a P/E ratio of 11.85, a P/E/G ratio of 1.18 and a beta of 2.48. The firm has a 50-day simple moving average of $27.58 and a 200-day simple moving average of $28.40. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. Carnival Corporation has a 52 week low of $17.33 and a 52 week high of $34.03.

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

Trending Headlines about Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival expanded its Mexico maritime cadet apprenticeship program with Princess Cruises and the Maritime & Port University of Mexico, strengthening the company’s crew pipeline and workforce development—supportive for future operations and crew supply. Carnival Corporation Expands Mexico Maritime Cadet Apprenticeship Program
• Positive Sentiment: Princess Cruises’ Star Princess was named to Condé Nast Traveler’s 2026 Hot List—an endorsement that can boost bookings and pricing power for the brand. Star Princess Named to Condé Nast Traveler's Prestigious 2026 Hot List
• Positive Sentiment: Holland America Line kicked off its 2026 Alaska season with more than 100 voyages, new shore excursions and enhanced onboard programming—evidence of strong seasonal capacity utilization and product refreshes across Carnival brands. Holland America Line Returns to Alaska with a Season of Elevated Exploration and Fresh Experiences
• Positive Sentiment: Seabourn announced a large 2028–2029 expedition program (including a Pole-to-Pole Grand Expedition), expanding higher‑margin luxury and expedition offerings that can lift future yields and bookings. SEABOURN ANNOUNCES NEW 2028-2029 EXPEDITION VOYAGES
• Positive Sentiment: A finance piece highlights Carnival’s S‑100 bridge simulator trials aimed at improving navigation safety and efficiency—initiatives that can reduce operational risk and support valuation upside if widely adopted. Carnival’s S‑100 Trials Highlight Safety Focus And Valuation Upside Potential
• Positive Sentiment: Media/analyst commentary (Motley Fool) calls Carnival a buy-on-the-dip, arguing valuation looks attractive versus next-year earnings—coverage that can attract value-oriented investors. 1 Magnificent Travel Stock Down Double Digits to Buy on the Dip as the Next Cruise Cycle Takes Off
• Neutral Sentiment: Princess Cruises will host an Alaska‑themed drone show in Seattle (marketing/local engagement). Good for brand visibility but limited direct revenue impact. Princess Cruises to Host Spectacular Alaska-Themed Drone Show from Seattle Center on May 1
• Neutral Sentiment: Analyst/comparison pieces (e.g., vs. Target Hospitality) provide broader context for investors but contain no new company‑specific operational risk or earnings revisions. Comparing Target Hospitality NASDAQ: TH and Carnival NYSE: CCL

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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