Banco Santander S.A. Has $273,000 Stock Position in Carnival Corporation $CCL

Key Points

• Banco Santander reduced its Carnival stake by 80.9% in the second quarter, selling 40,389 shares and retaining 9,547 shares valued at approximately $273,000. Institutional investors collectively own 67.19% of Carnival.
• Analysts maintain a generally positive view, with Carnival receiving a “Moderate Buy” consensus rating and an average price target of $35.08, above its $28.40 opening price.
• 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 announced a quarterly dividend of $0.15 per share, equivalent to a 2.1% annualized yield.

Banco Santander S.A. lessened its stake in Carnival Corporation (NYSE:CCL - Free Report) by 80.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,547 shares of the company's stock after selling 40,389 shares during the quarter. Banco Santander S.A.'s holdings in Carnival were worth $273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI increased its holdings in Carnival by 3.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company's stock valued at $322,000 after buying an additional 358 shares during the period. StoneX Group Inc. boosted its position in shares of Carnival by 4.9% during the 4th quarter. StoneX Group Inc. now owns 7,935 shares of the company's stock worth $242,000 after acquiring an additional 368 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Carnival by 1.9% during the 3rd quarter. Brooklyn Investment Group now owns 21,363 shares of the company's stock worth $618,000 after acquiring an additional 396 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Carnival by 1.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,540 shares of the company's stock valued at $1,024,000 after acquiring an additional 408 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in Carnival by 3.9% in the fourth quarter. Orion Porfolio Solutions LLC now owns 11,816 shares of the company's stock valued at $361,000 after acquiring an additional 446 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Insider Activity

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CCL. Melius Research set a $36.00 target price on Carnival in a research report on Wednesday, June 17th. Truist Financial upped their price target 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 dropped their price target on Carnival from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Wednesday, June 24th. Stifel Nicolaus raised 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, TD Cowen boosted their price objective on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Carnival has an average rating of "Moderate Buy" and a consensus price target of $35.08.

Carnival Stock Up 2.7%

Shares of NYSE:CCL opened at $28.40 on Friday. The company has a market capitalization of $38.90 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 1.22 and a beta of 2.35. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. The business's 50-day moving average is $27.96 and its 200-day moving average is $27.86. Carnival Corporation has a 1 year low of $23.45 and a 1 year high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 EPS 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 business had revenue of $6.66 billion during the quarter, compared to analysts' expectations of $6.69 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The firm'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. Equities research analysts predict that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, August 7th. Carnival's payout ratio is presently 27.03%.

Carnival 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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