Arizona State Retirement System Has $10.47 Million Holdings in Carnival Corporation $CCL

Key Points

• Arizona State Retirement System increased its Carnival stake by 21.2% in the second quarter, owning 366,557 shares valued at approximately $10.47 million. Institutional investors and hedge funds collectively own 67.19% of CCL.
• Carnival reported quarterly EPS of $0.41, beating estimates of $0.34, while revenue rose 5.3% year over year to $6.66 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $35.08.
• Despite strong bookings, forward pricing and demand trends, Carnival faces pressure from rising crude oil costs and concerns about European demand. The stock was down about 16% over the past month and opened near its 52-week low at $22.74.

Arizona State Retirement System boosted its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 21.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 366,557 shares of the company's stock after acquiring an additional 64,069 shares during the period. Arizona State Retirement System's holdings in Carnival were worth $10,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new stake in shares of Carnival during the second quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new position in Carnival during the 3rd quarter worth about $25,000. Lloyd Advisory Services LLC. bought a new position in Carnival during the 4th quarter worth about $26,000. Basecamp Wealth Advisors LLC raised its stake in shares of 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 acquired a new stake in shares of Carnival in the 2nd quarter valued at about $29,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Holland America Line is moving the renovation of Oosterdam forward by five weeks after strong guest demand for the reimagined ship. The earlier debut will add several cruises and could support occupancy and onboard revenue. Holland America Evolution Debuts Earlier
• Positive Sentiment: Analysts highlighted Carnival’s record booking curve, higher forward pricing and strong 2027 bookings as evidence of sustained demand and pricing power. Expected cost savings also support the company’s longer-term earnings outlook. Carnival's Record Booking Curve Extends
• Neutral Sentiment: Princess Cruises, another Carnival brand, launched a promotional contest for elite loyalty members tied to the 2027 Rose Parade. The initiative may boost engagement but is unlikely to materially affect near-term financial results. Princess Cruises Rose Parade Contest
• Negative Sentiment: Rising crude oil prices pressured cruise stocks, including Carnival, by undermining expectations for fuel-cost relief. Higher bunker fuel expenses could weigh on margins and earnings estimates across the industry. Rising Oil Pressures Cruise Stocks
• Negative Sentiment: Carnival’s recent decline reflects investor concerns about uneven European demand and uncertainty over whether strong bookings and pricing momentum can persist. The stock has fallen about 16% over the past month and underperformed the broader market, increasing near-term pressure despite its favorable long-term demand trends. Carnival Stock Declines 16% in a Month

Analyst Upgrades and Downgrades

CCL has been the topic of a number of research reports. Argus set a $35.00 price target on Carnival in a report on Friday, June 26th. Susquehanna lifted their target price on Carnival from $30.00 to $33.00 and gave the company a "positive" rating in a research report on Wednesday, June 24th. Truist Financial boosted their target price on Carnival from $29.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. BMO Capital Markets initiated coverage on Carnival in a research report on Tuesday, July 7th. They set a "market perform" rating and a $30.00 price target for the company. Finally, Melius Research set a $36.00 price objective on shares of Carnival in a report on Wednesday, June 17th. One equities research 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.08.

Carnival Stock Down 2.0%

Carnival stock opened at $22.74 on Thursday. The firm has a market capitalization of $31.14 billion, a PE ratio of 10.24, a P/E/G ratio of 1.00 and a beta of 2.31. The company's 50-day moving average is $26.47 and its 200-day moving average is $26.97. Carnival Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29.

Carnival (NYSE:CCL - Get Free Report) last issued its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period last year, the business posted $0.35 EPS. Carnival's 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. Sell-side analysts anticipate that Carnival Corporation will post 2.22 earnings per share for the current year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given 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 presently 27.03%.

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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