Allianz Asset Management GmbH Purchases 127,317 Shares of Carnival Corporation $CCL

Key Points

• Allianz Asset Management increased its Carnival stake by 140.1% in the second quarter, purchasing 127,317 additional shares and bringing its total holdings to 218,225 shares valued at approximately $6.24 million.
• Carnival reported quarterly EPS of $0.41, exceeding the $0.34 consensus estimate, while revenue rose 5.3% year over year to $6.66 billion. The company also paid a quarterly dividend of $0.15 per share, equivalent to a 2.6% annualized yield.
• Shares opened at $23.20, near their 52-week low, despite a consensus analyst rating of “Moderate Buy” and an average price target of $35.08; institutional investors own 67.19% of the stock.

Allianz Asset Management GmbH boosted its position in Carnival Corporation (NYSE:CCL - Free Report) by 140.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,225 shares of the company's stock after buying an additional 127,317 shares during the quarter. Allianz Asset Management GmbH's holdings in Carnival were worth $6,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Carnival by 1.5% in the fourth quarter. State Street Corp now owns 48,074,173 shares of the company's stock worth $1,468,185,000 after buying an additional 704,433 shares during the period. California State Teachers Retirement System increased its stake in Carnival by 3,198.1% in the 2nd quarter. California State Teachers Retirement System now owns 42,423,964 shares of the company's stock worth $1,212,053,000 after purchasing an additional 41,137,642 shares during the period. Geode Capital Management LLC lifted its position in Carnival by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 29,450,412 shares of the company's stock valued at $896,104,000 after purchasing an additional 683,311 shares during the last quarter. Nuveen LLC lifted its position in Carnival by 1.4% in the fourth quarter. Nuveen LLC now owns 26,729,524 shares of the company's stock valued at $816,320,000 after purchasing an additional 364,529 shares during the last quarter. Finally, Auto Owners Insurance Co grew its holdings in shares of Carnival by 2,954.0% in the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company's stock worth $60,625,000 after purchasing an additional 19,201,000 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Stock Down 1.3%

Shares of NYSE:CCL opened at $23.20 on Wednesday. The firm has a market capitalization of $31.77 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.02 and a beta of 2.31. 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 50 day moving average price of $26.59 and a 200-day moving average price of $27.04. Carnival Corporation has a 52-week low of $23.08 and a 52-week high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share 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 company had revenue of $6.66 billion for the quarter, compared to analysts' expectations of $6.69 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. 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 research analysts anticipate that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 7th. Carnival's dividend payout ratio (DPR) is 27.03%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Tigress Financial increased their price target on shares of Carnival from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, June 30th. Truist Financial increased their target price on shares of Carnival from $29.00 to $31.00 and gave the stock a "hold" rating in a report on Thursday, July 23rd. Barclays reduced their price target on Carnival from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, June 24th. Freedom Capital upgraded Carnival to a "strong-buy" rating in a report on Wednesday, June 3rd. Finally, Stifel Nicolaus lifted their price objective on Carnival from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $35.08.

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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