Amundi Grows Stock Position in Carnival Corporation $CCL

Amundi lifted its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 67.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,770,304 shares of the company's stock after purchasing an additional 2,723,171 shares during the period. Amundi owned about 0.49% of Carnival worth $193,428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCL. Manning & Napier Advisors LLC purchased a new stake in shares of Carnival in the 2nd quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Carnival in the third quarter worth about $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Carnival in the fourth quarter worth about $26,000. Basecamp Wealth Advisors LLC lifted its position in shares of Carnival by 107.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company's stock valued at $27,000 after buying an additional 542 shares in the last quarter. Finally, Axiom Investment Management LLC purchased a new position in shares of Carnival during the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Price Performance

CCL stock opened at $23.20 on Wednesday. Carnival Corporation has a 52 week low of $23.08 and a 52 week high of $34.03. The firm has a market capitalization of $31.77 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.02 and a beta of 2.31. The company has a fifty day simple moving average of $26.59 and a two-hundred day simple moving average of $27.04. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80.

Carnival (NYSE:CCL - Get Free Report) last posted its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the previous year, the firm posted $0.35 EPS. The business's quarterly revenue 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. Analysts anticipate that Carnival Corporation will post 2.23 earnings per share for the current fiscal year.

Carnival Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.6%. Carnival's dividend payout ratio is currently 27.03%.

Analyst Ratings Changes

A number of research firms have commented on CCL. Zacks Research upgraded shares of Carnival from a "strong sell" rating to a "hold" rating in a research note on Friday, May 15th. Susquehanna upped their price target on shares of Carnival from $30.00 to $33.00 and gave the stock a "positive" rating in a research report on Wednesday, June 24th. Loop Capital began coverage on shares of Carnival in a research report on Monday, June 1st. They set a "buy" rating and a $36.00 price objective on the stock. Barclays decreased their target price on Carnival from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 24th. Finally, Argus set a $35.00 price target on Carnival in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.08.

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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