Asset Management One Co. Ltd. Acquires 76,813 Shares of Carnival Corporation $CCL

Key Points

• Asset Management One increased its Carnival stake by 16.7%, purchasing 76,813 additional shares to hold 536,548 shares valued at approximately $15.3 million. Institutional investors collectively own 67.19% of Carnival.
• Analyst sentiment is positive, with a consensus rating of “Moderate Buy” and an average price target of $35.08, compared with Carnival’s reported opening price of $28.40.
• Carnival reported quarterly EPS of $0.41, exceeding estimates of $0.34, while revenue rose 5.3% year over year to $6.66 billion. The company also declared a quarterly dividend of $0.15 per share, implying a 2.1% annualized yield.

Asset Management One Co. Ltd. boosted its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 16.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 536,548 shares of the company's stock after buying an additional 76,813 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Carnival were worth $15,329,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC bought a new stake in shares of Carnival during the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. bought a new stake in Carnival in the 4th quarter valued at about $26,000. Basecamp Wealth Advisors LLC boosted its holdings in 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. Optima Capital LLC acquired a new position in shares of Carnival during the 4th quarter worth approximately $32,000. Finally, Motiv8 Investments LLC acquired a new position in shares of Carnival during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCL. BMO Capital Markets initiated coverage on Carnival in a research note on Tuesday, July 7th. They issued a "market perform" rating and a $30.00 price target for the company. Truist Financial lifted their price objective on Carnival from $29.00 to $31.00 and gave the company a "hold" rating in a report on Thursday, July 23rd. Tigress Financial upped their target price on Carnival from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, June 30th. Melius Research set a $36.00 target price on Carnival in a report on Wednesday, June 17th. Finally, Wells Fargo & Company raised their price target on Carnival from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $35.08.

Insider Activity

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the firm'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 value of $1,209,929.80. Following the completion of the transaction, the insider owned 69,238 shares in the company, valued at $1,945,587.80. This trade represents a 38.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.90% of the stock is owned by corporate insiders.

Carnival Trading Up 2.7%

Shares of CCL opened at $28.40 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. Carnival Corporation has a 52-week low of $23.45 and a 52-week high of $34.03. The firm has a market cap of $38.90 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.22 and a beta of 2.35. The business's fifty day moving average is $27.96 and its 200-day moving average is $27.86.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly 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. The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm's revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. 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 analysts anticipate that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 7th. Carnival's payout ratio is 27.03%.

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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