Czech National Bank Grows Stock Position in Carnival Corporation $CCL

Key Points

• Czech National Bank increased its Carnival stake by 16.9% in the second quarter, bringing its holdings to 366,173 shares worth approximately $10.46 million. Institutional investors collectively own 67.19% of Carnival.
• Carnival reported quarterly EPS of $0.41, exceeding the $0.34 consensus estimate, 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.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $35.08, compared with the stock’s reported price of $28.96.

Czech National Bank grew its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 16.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 366,173 shares of the company's stock after acquiring an additional 52,938 shares during the quarter. Czech National Bank's holdings in Carnival were worth $10,462,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CCL. Lazard Asset Management LLC acquired a new position in shares of Carnival in the 1st quarter valued at $1,732,000. Swedbank AB lifted its position in Carnival by 10.0% during the 4th quarter. Swedbank AB now owns 519,939 shares of the company's stock worth $15,879,000 after acquiring an additional 47,070 shares during the period. Vanguard Group Inc. grew its stake in Carnival by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company's stock valued at $3,913,190,000 after purchasing an additional 368,445 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Carnival by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,252,014 shares of the company's stock valued at $69,632,000 after purchasing an additional 109,474 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Carnival by 95.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 889,393 shares of the company's stock valued at $23,017,000 after purchasing an additional 435,470 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Stock Performance

NYSE CCL opened at $28.96 on Friday. The stock has a 50-day simple moving average of $27.94 and a two-hundred day simple moving average of $27.88. The firm has a market capitalization of $39.67 billion, a P/E ratio of 13.05, a PEG ratio of 1.28 and a beta of 2.35. Carnival Corporation has a fifty-two week low of $23.45 and a fifty-two week high of $34.03. 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 (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, beating 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 in the previous year, the firm posted $0.35 EPS. The company's revenue for the quarter 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. On average, equities analysts forecast that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Dividend Announcement

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

Insider Buying and Selling

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 69,238 shares in the company, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 7.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Freedom Capital upgraded Carnival to a "strong-buy" rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein lowered Carnival from a "market perform" rating to a "market perform" rating in a research report on Tuesday, June 23rd. Zacks Research upgraded shares of Carnival from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Melius Research set a $36.00 price target on shares of Carnival in a research report on Wednesday, June 17th. Finally, Truist Financial lifted their price objective on shares of Carnival from $29.00 to $31.00 and gave the company a "hold" rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.08.

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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