Janney Montgomery Scott LLC Sells 221,051 Shares of Carnival Corporation $CCL

Janney Montgomery Scott LLC cut its holdings in Carnival Corporation (NYSE:CCL) by 55.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,983 shares of the company’s stock after selling 221,051 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Carnival were worth $4,554,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Auto Owners Insurance Co increased its stake in shares of Carnival by 2,954.0% during the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock valued at $60,625,000 after purchasing an additional 19,201,000 shares in the last quarter. Viking Global Investors LP bought a new position in Carnival during the 4th quarter valued at approximately $429,448,000. Pacer Advisors Inc. raised its stake in Carnival by 2,432.8% during the fourth quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock valued at $204,311,000 after buying an additional 6,425,822 shares during the last quarter. Wellington Management Group LLP raised its stake in Carnival by 99.6% during the third quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock valued at $351,535,000 after buying an additional 6,066,336 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Carnival by 1,619.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company’s stock worth $156,740,000 after acquiring an additional 4,833,723 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the completion of the sale, the insider owned 69,238 shares of the company’s stock, valued at $1,945,587.80. This represents a 38.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCL. HSBC upgraded Carnival from a “hold” rating to a “buy” rating and reduced their price target for the company from $33.60 to $30.10 in a report on Monday, March 30th. Susquehanna upped their target price 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. Wells Fargo & Company raised their price target on shares of Carnival from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Zacks Research upgraded shares of Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Freedom Capital raised Carnival to a “strong-buy” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.23.

Carnival Trading Up 0.2%

Shares of CCL stock opened at $27.95 on Monday. Carnival Corporation has a 12-month low of $23.45 and a 12-month high of $34.03. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The firm’s 50 day moving average is $27.41 and its 200 day moving average is $28.47. The stock has a market capitalization of $38.29 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.23 and a beta of 2.32.

Carnival (NYSE:CCL) last announced its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 EPS. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Research analysts expect that Carnival Corporation will post 2.22 earnings per share for the current year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, May 18th. Carnival’s dividend payout ratio (DPR) is presently 27.03%.

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.