Carnival Corporation $CCL Position Increased by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management increased its Carnival stake by 11.5% in the second quarter, bringing its holdings to 372,009 shares valued at approximately $10.7 million. Institutional investors and hedge funds collectively own 67.19% of CCL.
• Analyst sentiment remains positive, with Carnival holding a consensus “Moderate Buy” rating and an average price target of $35.08, above its recent price of $28.40.
• Carnival reported quarterly EPS of $0.41, beating 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, representing a 2.1% annualized yield.

Resona Asset Management Co. Ltd. grew its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 11.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 372,009 shares of the company's stock after purchasing an additional 38,357 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Carnival were worth $10,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Carnival by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company's stock valued at $2,191,000 after buying an additional 5,435 shares during the last quarter. Great Lakes Advisors LLC bought a new position in Carnival in the first quarter worth about $228,000. Empowered Funds LLC boosted its stake in Carnival by 61.6% in the first quarter. Empowered Funds LLC now owns 30,437 shares of the company's stock valued at $594,000 after acquiring an additional 11,601 shares during the period. Woodline Partners LP boosted its stake in Carnival by 41.9% in the first quarter. Woodline Partners LP now owns 88,522 shares of the company's stock valued at $1,729,000 after acquiring an additional 26,141 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in shares of Carnival by 57.0% during the second quarter. Baird Financial Group Inc. now owns 64,720 shares of the company's stock valued at $1,820,000 after purchasing an additional 23,484 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCL has been the topic of a number of research reports. 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 on the stock. Truist Financial upped their price objective on Carnival from $29.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, July 23rd. Citigroup increased their target price on Carnival from $35.00 to $37.00 and gave the stock a "buy" rating in a research report on Tuesday, June 16th. Tigress Financial raised their target price on Carnival from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. Finally, TD Cowen boosted their price target on shares of Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $35.08.

Carnival Stock Performance

CCL opened at $28.40 on Friday. The business's 50 day moving average is $27.96 and its 200-day moving average is $27.86. The stock has a market cap of $38.90 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.22 and a beta of 2.35. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. Carnival Corporation has a twelve month low of $23.45 and a twelve month high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $6.69 billion. During the same period in the prior year, the company posted $0.35 EPS. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. On average, analysts predict that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 yield of 2.1%. The ex-dividend date is Friday, August 7th. Carnival's payout ratio is 27.03%.

Insider Activity

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction on Thursday, May 28th. The stock was 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 of the company's stock, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 7.90% of the company's stock.

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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