Nissay Asset Management Corp Japan raised its holdings in Carnival Corporation (NYSE:CCL – Free Report) by 18.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 169,555 shares of the company’s stock after buying an additional 26,791 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Carnival were worth $4,844,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new stake in shares of Carnival in the second quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in Carnival during the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. acquired a new position in Carnival during the 4th quarter valued at $26,000. Basecamp Wealth Advisors LLC boosted its holdings in Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after purchasing an additional 542 shares during the period. Finally, Axiom Investment Management LLC bought a new stake in Carnival in the 2nd quarter valued at $29,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Carnival Stock Up 0.2%
Shares of CCL opened at $24.80 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. The company has a 50-day moving average price of $27.36 and a two-hundred day moving average price of $27.48. The stock has a market cap of $33.97 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 1.03 and a beta of 2.35. Carnival Corporation has a 12 month low of $23.45 and a 12 month high of $34.03.
Carnival Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, August 7th. Carnival’s dividend payout ratio is 27.03%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on CCL shares. Stifel Nicolaus boosted their price objective on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Tigress Financial increased their target price on shares of Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Loop Capital assumed coverage on Carnival in a research report on Monday, June 1st. They set a “buy” rating and a $36.00 target price on the stock. Citigroup boosted their price target on Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Weiss Ratings raised Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.08.
Get Our Latest Research Report on Carnival
About Carnival
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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