Carnival Corporation $CCL Holdings Lifted by 59 North Capital Management LP

59 North Capital Management LP raised its holdings in shares of Carnival Corporation (NYSE:CCL) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,131,170 shares of the company’s stock after purchasing an additional 426,985 shares during the period. Carnival accounts for about 7.3% of 59 North Capital Management LP’s holdings, making the stock its 7th largest holding. 59 North Capital Management LP owned about 0.70% of Carnival worth $235,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Evolution Wealth Management Inc. bought a new position in shares of Carnival during the second quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Carnival by 182.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock valued at $30,000 after acquiring an additional 659 shares in the last quarter. LRI Investments LLC purchased a new position in Carnival during the 3rd quarter valued at $30,000. Johnson Financial Group Inc. purchased a new position in Carnival during the 3rd quarter valued at $32,000. Finally, Farmers & Merchants Investments Inc. raised its holdings in Carnival by 140.6% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 1,516 shares of the company’s stock worth $44,000 after purchasing an additional 886 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Key Stories Impacting Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Seabourn (Carnival’s luxury brand) unveiled a new high‑end “Denali Experience” pre‑cruise program for Alaska in 2027–28 — a small but constructive product expansion that supports higher‑margin, premium offerings. Seabourn Denali Experience
• Neutral Sentiment: A valuation piece reviews CCL after recent share cooling, noting mixed momentum (short‑term weakness but positive 1‑year performance) — useful context but not an immediate catalyst. Assessing Carnival Valuation
• Negative Sentiment: Industry news: Royal Caribbean plunged after an oil spike tied to Iran tanker strikes; reports note Carnival also fell and may be more exposed if it lacks fuel hedges — rising bunker costs threaten margins and drive near‑term downside. RCL Oil Spike / Impact on Carnival
• Negative Sentiment: Market coverage: Benzinga and Zacks reported CCL sliding as Middle East tensions lifted oil and investors sold into the risk — these stories reflect momentum selling and sentiment shifts that can exacerbate price moves. Benzinga: Stock Slides as Oil Rises Zacks: CCL Declines
• Negative Sentiment: Analyst pressure: The Goldman Sachs Group issued a pessimistic forecast for CCL and Stifel lowered its price target to $35 — analyst downgrades/target cuts increase selling pressure and can influence institutional flows. Goldman Sachs Forecast Stifel Lowers Price Target

Analyst Upgrades and Downgrades

CCL has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Carnival from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, December 22nd. Bank of America boosted their price target on shares of Carnival from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Jefferies Financial Group raised their price objective on shares of Carnival from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Wall Street Zen raised Carnival from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Stifel Nicolaus reduced their target price on Carnival from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Carnival currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.70.

Carnival Trading Up 0.2%

Shares of NYSE CCL opened at $23.97 on Friday. The firm’s 50 day moving average price is $30.19 and its 200-day moving average price is $29.31. Carnival Corporation has a 52-week low of $15.07 and a 52-week high of $34.03. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32. The company has a market cap of $29.70 billion, a PE ratio of 11.98, a P/E/G ratio of 0.90 and a beta of 2.42.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Friday, December 19th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.09. The company had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.38 billion. Carnival had a net margin of 10.37% and a return on equity of 28.39%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. On average, equities research analysts expect that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a $0.15 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 2.5%. Carnival’s payout ratio is currently 30.00%.

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.