Carnival Corporation (NYSE:CCL – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $21.81 and last traded at $22.1470, with a volume of 27218958 shares. The stock had previously closed at $21.84.
Analyst Ratings Changes
CCL has been the subject of a number of recent research reports. Citigroup increased their price objective on Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Stifel Nicolaus reduced their target price on Carnival from $37.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. The Goldman Sachs Group decreased their price target on Carnival from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company dropped their price target on Carnival from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, September 14th. Finally, Weiss Ratings downgraded Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.42.
Check Out Our Latest Report on Carnival
Carnival Stock Performance
Carnival (NYSE:CCL – Get Free Report) last issued 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 return on equity of 26.11% and a net margin of 11.24%.The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter last year, the firm posted $0.35 earnings per share. Carnival’s 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, equities research analysts expect that Carnival Corporation will post 2.21 earnings per share for the current fiscal year.
Carnival Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.7%. Carnival’s dividend payout ratio (DPR) is 27.03%.
Hedge Funds Weigh In On Carnival
Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC raised its holdings in shares of Carnival by 25.8% during the second quarter. Sequoia Financial Advisors LLC now owns 69,664 shares of the company’s stock worth $1,990,000 after acquiring an additional 14,273 shares in the last quarter. Tidal Investments LLC grew its stake in Carnival by 37.1% in the second quarter. Tidal Investments LLC now owns 130,662 shares of the company’s stock valued at $3,733,000 after purchasing an additional 35,373 shares in the last quarter. Van Hulzen Asset Management LLC acquired a new position in Carnival in the 2nd quarter worth about $246,000. Archford Capital Strategies LLC purchased a new stake in shares of Carnival during the 2nd quarter worth about $634,000. Finally, National Pension Service raised its stake in shares of Carnival by 8.7% during the 2nd quarter. National Pension Service now owns 3,228,771 shares of the company’s stock worth $92,246,000 after purchasing an additional 258,460 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.
Carnival Company Profile
Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.
The company’s brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and P&O Cruises Australia.
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