Carnival Corporation $CCL Shares Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. increased its stake in Carnival Corporation (NYSE:CCLFree Report) by 11.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 372,009 shares of the company’s stock after acquiring an additional 38,357 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Carnival were worth $10,678,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Carnival by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock worth $2,191,000 after purchasing an additional 5,435 shares in the last quarter. Great Lakes Advisors LLC bought a new position in Carnival during the 1st quarter valued at $228,000. Empowered Funds LLC increased its position in shares of Carnival by 61.6% during the 1st quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock valued at $594,000 after purchasing an additional 11,601 shares during the period. Woodline Partners LP increased its position in shares of Carnival by 41.9% during the 1st quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock valued at $1,729,000 after purchasing an additional 26,141 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of Carnival by 57.0% in the 2nd quarter. Baird Financial Group Inc. now owns 64,720 shares of the company’s stock worth $1,820,000 after buying an additional 23,484 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CCL shares. Argus set a $35.00 target price on Carnival in a research note on Friday, June 26th. Wells Fargo & Company boosted their price target on shares of Carnival from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Truist Financial upped their price target on shares of Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings lowered shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Finally, Freedom Capital raised shares of Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Carnival presently has an average rating of “Moderate Buy” and an average target price of $35.08.

View Our Latest Report on CCL

Carnival Price Performance

Shares of NYSE:CCL opened at $28.40 on Friday. The company has a market capitalization of $38.90 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.22 and a beta of 2.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. The stock has a fifty day moving average of $27.96 and a 200-day moving average of $27.86. Carnival Corporation has a one year low of $23.45 and a one year high of $34.03.

Carnival (NYSE:CCLGet Free Report) last issued its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. As a group, equities analysts anticipate that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Insiders Place Their Bets

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the sale, the insider owned 69,238 shares in the company, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Carnival Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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