QRG Capital Management Inc. lifted its stake in shares of Carnival Corporation (NYSE:CCL – Free Report) by 14.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 418,642 shares of the company’s stock after purchasing an additional 53,086 shares during the quarter. QRG Capital Management Inc.’s holdings in Carnival were worth $10,834,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CVA Family Office LLC increased its stake in Carnival by 15.6% during the 4th quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock valued at $79,000 after buying an additional 350 shares during the period. Net Worth Advisory Group raised its position in shares of Carnival by 2.9% during the 4th quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock worth $378,000 after buying an additional 354 shares in the last quarter. Triad Wealth Partners LLC lifted its stake in shares of Carnival by 2.1% in the 4th quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock worth $533,000 after acquiring an additional 358 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Carnival by 3.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock worth $322,000 after acquiring an additional 358 shares during the period. Finally, StoneX Group Inc. boosted its holdings in shares of Carnival by 4.9% in the fourth quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock valued at $242,000 after acquiring an additional 368 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Truist Financial lowered their price objective on shares of Carnival from $30.00 to $29.00 and set a “hold” rating on the stock in a research note on Friday, May 22nd. Stifel Nicolaus upped their target price on Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. UBS Group decreased their price target on Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen downgraded Carnival from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.23.
Carnival Price Performance
CCL stock opened at $27.95 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. Carnival Corporation has a one year low of $23.45 and a one year high of $34.03. The firm has a market capitalization of $38.29 billion, a PE ratio of 12.59, a P/E/G ratio of 1.23 and a beta of 2.32. The firm has a 50-day moving average of $27.41 and a two-hundred day moving average of $28.47.
Carnival (NYSE:CCL – Get Free Report) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same period last year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. On average, analysts forecast 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 paid a dividend of $0.15 per share. 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 payout ratio is 27.03%.
Insider Transactions at Carnival
In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the completion of the sale, the insider owned 69,238 shares in the company, valued at $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.90% of the stock is currently owned by company insiders.
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.
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