Asset Management One Co. Ltd. increased its position in Carnival Corporation by 5.4% during the third quarter, acquiring an additional 22,652 shares to bring its total holdings to 442,829 shares valued at $12.8 million. Other institutional investors also adjusted their stakes: Farmers & Merchants Investments Inc. boosted its stake by 140.6% to 1,516 shares, Whipplewood Advisors LLC added 301.0% more to hold 1,560 shares, and True Wealth Design LLC lifted its position by 193.4% to 2,030 shares. These moves contributed to a 67.19% institutional ownership level in the company.

Wall Street analysts maintain a positive outlook on Carnival, with one firm assigning a Strong Buy rating, twenty firms issuing Buy ratings and nine assigning Holds. Recent research notes include an Outperform reaffirmation, an Overweight rating with a modest downward adjustment to its target range by one broker, and several upward revisions to earnings forecasts that reflect improving operating trends. Overall, the consensus rating sits at Moderate Buy.

In its third quarter report, Carnival delivered earnings per share of $0.34, surpassing the consensus estimate by $0.09. Revenue rose 6.6% year-over-year to $6.33 billion, narrowly below the forecast. The company achieved a net margin of 10.37% and a return on equity of 28.39%. For the first quarter of fiscal 2026, management guided to EPS of $0.17 and maintained full-year EPS guidance at $2.48, while analysts currently anticipate $1.77 in earnings for the current year.

Carnival declared a quarterly dividend of $0.15 per share, payable on February 27 to shareholders of record as of February 13. This distribution represents an annualized payout of $0.60 per share and reflects a dividend yield of approximately 1.9%, underlining the company’s commitment to returning capital to investors as operating performance strengthens.