Carnival Corporation Ltd.
In the published model solve dated 2026-Q2, anchored at $24.89, Carnival Corporation Ltd. (CCL) is priced for +15.1% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Roughly two-thirds of what Carnival sells is the ticket and a third is what guests spend once aboard, and they pay ahead of sailing: the filing states that terms ⟦"generally require an initial deposit to confirm a reservation, with the balance due prior to the commencement of the voyage"⟧. • Borrowings dominate the equity story, with net debt near 23.3 billion dollars, five times operating profit, and interest covered about 3.8 times. • Industry supply is the variable to watch rather than dema
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1,012 institutional managers reported holding CCL in 13F filings for the quarter ended 2026-03-31. Together they hold about 61% of the company; the top 10 hold 32%. 108 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 40.7M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (1.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CCL's share count grew 10.2% over the past five years. It pays a dividend; the current rate is $1.95 a share annually. Cash returned over the past three years: $208.00M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CCL over the trailing three years: 2023: 2 buys totaling $5.70M. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CCL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-29 | +0.6% | -7.8% |
| 2023-09-30 | -5.0% | +14.9% |
| 2024-01-27 | -6.2% | +3.2% |
| 2024-03-28 | -4.0% | -7.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CCL's latest 8-K filings: 2026-08-05 (items 7.01); 2026-06-23 (items 2.02, 9.01); 2026-05-07 (items 1.02, 2.01, 3.01, 3.02, 3.03, 5.01, 5.03, 7.01, 9.01); 2026-04-20 (items 5.07); 2026-03-27 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.