Yousif Capital Management LLC lifted its position in shares of Carnival Corporation (NYSE:CCL – Free Report) by 28.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 152,017 shares of the company’s stock after acquiring an additional 33,493 shares during the quarter. Yousif Capital Management LLC’s holdings in Carnival were worth $3,730,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CCL. Dimensional Fund Advisors LP raised its holdings in shares of Carnival by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 15,904,029 shares of the company’s stock valued at $411,372,000 after acquiring an additional 834,885 shares in the last quarter. Amundi grew its holdings in Carnival by 67.3% during the 2nd quarter. Amundi now owns 6,770,304 shares of the company’s stock worth $193,428,000 after acquiring an additional 2,723,171 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Carnival by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,608,651 shares of the company’s stock worth $145,152,000 after acquiring an additional 278,758 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Carnival by 11.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,687,038 shares of the company’s stock worth $133,909,000 after acquiring an additional 480,097 shares in the last quarter. Finally, Hound Partners LLC increased its position in Carnival by 27.9% during the 1st quarter. Hound Partners LLC now owns 4,514,839 shares of the company’s stock valued at $116,844,000 after purchasing an additional 985,772 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.
Carnival Trading Up 2.7%
Shares of NYSE CCL opened at $26.82 on Tuesday. Carnival Corporation has a 1-year low of $21.45 and a 1-year high of $34.03. The business has a fifty day moving average price of $24.75 and a 200 day moving average price of $27.22. The stock has a market capitalization of $36.07 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 1.12 and a beta of 2.38. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23.
Carnival (NYSE:CCL – Get Free Report) last posted its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.39 billion. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. Equities research analysts expect that Carnival Corporation will post 2.26 EPS for the current fiscal year.
Carnival Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 6th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, November 6th. Carnival’s dividend payout ratio (DPR) is currently 26.20%.
Wall Street Analyst Weigh In
CCL has been the subject of several recent research reports. Truist Financial boosted 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. Stifel Nicolaus dropped their price objective on shares of Carnival from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, September 16th. Argus cut their price objective on shares of Carnival from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft set a $32.00 price objective on shares of Carnival in a report on Tuesday, September 22nd. Finally, TD Cowen reduced their price objective on shares of Carnival from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.14.
View Our Latest Stock Analysis on CCL
Carnival Profile
Carnival Corporation & plc (NYSE: CCL) is one of the world’s largest leisure travel and cruise companies. It operates cruise lines that provide vacation travel, onboard entertainment, dining, accommodations, recreational activities and shore excursions. The company’s brands serve a broad range of travelers, from mainstream and contemporary vacationers to premium and luxury guests.
Carnival’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises UK and P&O Cruises Australia.
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