Hennessy Advisors Inc. Takes $1.31 Million Position in Carnival Corporation $CCL

Key Points

• Hennessy Advisors acquired a new Carnival stake of 45,825 shares valued at approximately $1.31 million during the second quarter. Institutional investors collectively own 67.19% of Carnival’s stock.
• Analyst sentiment remains favorable, with Carnival receiving a “Moderate Buy” consensus rating and an average price target of $35.08, above its reported $24.80 share price.
• Carnival exceeded quarterly earnings expectations with EPS of $0.41 versus the $0.34 consensus estimate, while revenue rose 5.3% year over year to $6.66 billion. The company also paid a quarterly dividend of $0.15 per share, representing a 2.4% annualized yield.

Hennessy Advisors Inc. acquired a new stake in shares of Carnival Corporation (NYSE:CCL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,825 shares of the company's stock, valued at approximately $1,309,000.

Other hedge funds also recently made changes to their positions in the company. Greenleaf Trust lifted its position in shares of Carnival by 16.1% in the 2nd quarter. Greenleaf Trust now owns 17,660 shares of the company's stock worth $505,000 after buying an additional 2,447 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Carnival by 42.2% in the second quarter. New Mexico Educational Retirement Board now owns 70,417 shares of the company's stock valued at $2,012,000 after acquiring an additional 20,900 shares during the period. Royal London Asset Management Ltd. boosted its stake in Carnival by 0.6% in the second quarter. Royal London Asset Management Ltd. now owns 825,319 shares of the company's stock valued at $23,579,000 after acquiring an additional 5,170 shares during the period. Mufg Securities Americas Inc. grew its holdings in shares of Carnival by 21.7% during the second quarter. Mufg Securities Americas Inc. now owns 38,746 shares of the company's stock valued at $1,107,000 after purchasing an additional 6,921 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of Carnival during the 2nd quarter worth approximately $4,758,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Carnival from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. TD Cowen upped their target price on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. BMO Capital Markets assumed coverage on shares of Carnival in a research note on Tuesday, July 7th. They issued a "market perform" rating and a $30.00 price target on the stock. Argus set a $35.00 price target on Carnival in a report on Friday, June 26th. Finally, Zacks Research upgraded Carnival from a "strong sell" rating to a "hold" rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Carnival currently has an average rating of "Moderate Buy" and an average target price of $35.08.

Carnival Price Performance

NYSE CCL opened at $24.80 on Monday. Carnival Corporation has a 12 month low of $23.45 and a 12 month high of $34.03. The firm has a market capitalization of $33.97 billion, a PE ratio of 11.17, a P/E/G ratio of 1.03 and a beta of 2.35. The company's 50 day simple moving average is $27.36 and its 200 day simple moving average is $27.48. 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 released its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share 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 firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm'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. As a group, equities research analysts forecast that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.4%. Carnival's dividend payout ratio is currently 27.03%.

Carnival Company 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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