Ally Financial Inc. Invests $3.57 Million in Carnival Corporation $CCL

Ally Financial Inc. acquired a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 125,000 shares of the company's stock, valued at approximately $3,571,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital Square LLC acquired a new stake in shares of Carnival in the 2nd quarter worth $419,000. Great Lakes Advisors LLC acquired a new position in shares of Carnival during the 2nd quarter valued at about $251,000. Soltis Investment Advisors LLC boosted its position in shares of Carnival by 33.3% during the 2nd quarter. Soltis Investment Advisors LLC now owns 18,519 shares of the company's stock valued at $529,000 after acquiring an additional 4,630 shares during the last quarter. Daymark Wealth Partners LLC grew its holdings in shares of Carnival by 36.2% in the second quarter. Daymark Wealth Partners LLC now owns 31,518 shares of the company's stock valued at $900,000 after purchasing an additional 8,373 shares during the period. Finally, HUB Investment Partners LLC increased its position in Carnival by 160.7% during the second quarter. HUB Investment Partners LLC now owns 81,875 shares of the company's stock worth $2,339,000 after purchasing an additional 50,470 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Analysts Set New Price Targets

CCL has been the topic of several recent analyst reports. Melius Research set a $36.00 target price on shares of Carnival in a report on Wednesday, June 17th. Susquehanna lifted their price target on shares of Carnival from $30.00 to $33.00 and gave the company a "positive" rating in a research report on Wednesday, June 24th. Argus set a $35.00 price target on shares of Carnival in a research report on Friday, June 26th. Stifel Nicolaus upped their price objective on Carnival from $35.00 to $36.00 and gave the company a "buy" rating in a report on Friday, June 12th. Finally, Sanford C. Bernstein lowered Carnival from a "market perform" rating to a "market perform" rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Carnival presently has a consensus rating of "Moderate Buy" and an average price target of $35.08.

Insider Buying and Selling at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the company's stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.90% of the company's stock.

Carnival Stock Performance

NYSE:CCL opened at $25.72 on Monday. Carnival Corporation has a fifty-two week low of $23.45 and a fifty-two week high of $34.03. 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 company has a 50 day moving average price of $27.87 and a 200 day moving average price of $27.73. The stock has a market capitalization of $35.23 billion, a P/E ratio of 11.59, a PEG ratio of 1.07 and a beta of 2.35.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $6.66 billion for the quarter, compared to analysts' expectations of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm's revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Equities research analysts forecast that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. Carnival's dividend payout ratio (DPR) is presently 27.03%.

Carnival Company 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.

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