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CCL

Carnival Corp Ltd.

At today's price, Carnival Corp Ltd. (CCL) is priced for +15.1% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.

Live priced in
+15.1% growth
Priced In
within-range

Key Takeaways

• Carnival is the world's largest cruise operator in a strong post-pandemic recovery, with record second-quarter revenue of $6.7 billion, customer deposits at an all-time high of $9.0 billion, and a 12th consecutive quarter of record yields [Source: Q2 2026 earnings release]. • The defining issue is the debt taken on to survive the shutdown: net debt sits around $24.6 billion, more than 5 times operating income, so a large share of the recovery's cash flow goes to lenders before it reaches share

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Institutional ownership

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.

Capital returns

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.

Insider activity

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.

Earnings reactions

CCL's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext 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.

Recent filings

CCL's latest 8-K filings: 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); 2026-02-20 (items 1.01, 9.01).

Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.

Compare CCL

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Last analyzed: June 27, 2026

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.