HUB Investment Partners LLC lifted its position in Carnival Corporation (NYSE:CCL – Free Report) by 160.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 81,875 shares of the company’s stock after acquiring an additional 50,470 shares during the quarter. HUB Investment Partners LLC’s holdings in Carnival were worth $2,339,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Carnival by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock valued at $2,191,000 after purchasing an additional 5,435 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Carnival in the first quarter worth $228,000. Empowered Funds LLC grew its holdings in shares of Carnival by 61.6% during the first quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock valued at $594,000 after buying an additional 11,601 shares in the last quarter. Woodline Partners LP raised its position in Carnival by 41.9% during the first quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock valued at $1,729,000 after buying an additional 26,141 shares during the period. Finally, Baird Financial Group Inc. raised its position in Carnival by 57.0% during the second quarter. Baird Financial Group Inc. now owns 64,720 shares of the company’s stock valued at $1,820,000 after buying an additional 23,484 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on CCL. Barclays dropped their target price on Carnival from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, June 24th. Loop Capital assumed coverage on shares of Carnival in a report on Monday, June 1st. They set a “buy” rating and a $36.00 price target for the company. Citigroup boosted their price objective on shares of Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Argus set a $35.00 target price on shares of Carnival in a research report on Friday, June 26th. Finally, Stifel Nicolaus lifted their target price on shares of Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.08.
Insider Transactions at Carnival
In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the transaction, the insider directly owned 69,238 shares of the company’s stock, valued at $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.90% of the company’s stock.
Carnival Price Performance
Shares of CCL opened at $28.14 on Friday. The firm has a market cap of $38.54 billion, a PE ratio of 12.67, a PEG ratio of 1.25 and a beta of 2.35. The firm’s 50 day moving average price is $27.98 and its 200 day moving average price is $27.86. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. Carnival Corporation has a twelve month low of $23.45 and a twelve month high of $34.03.
Carnival (NYSE:CCL – Get Free Report) last posted its earnings results on Tuesday, June 23rd. The company reported $0.41 EPS 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 company had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts expect that Carnival Corporation will post 2.23 EPS for the current fiscal year.
Carnival Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be issued a $0.15 dividend. The ex-dividend date 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 is currently 27.03%.
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.
Further Reading
- Five stocks we like better than Carnival
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corporation (NYSE:CCL – Free Report).
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.
