Northwestern Mutual Wealth Management Co. Increases Stock Position in Carnival Corporation $CCL

Key Points

• Northwestern Mutual Wealth Management increased its Carnival stake by 75.3% in the second quarter, ending with 191,592 shares valued at approximately $5.47 million. Institutional investors collectively own 67.19% of Carnival’s stock.
• Carnival reported quarterly EPS of $0.41, beating estimates of $0.34, while revenue rose 5.3% year over year to $6.66 billion, slightly below expectations.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $35.08, versus a recent share price of $23.47. Carnival also pays a quarterly dividend of $0.15, equivalent to a 2.6% annual yield.

Northwestern Mutual Wealth Management Co. grew its stake in Carnival Corporation (NYSE:CCL - Free Report) by 75.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,592 shares of the company's stock after acquiring an additional 82,328 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Carnival were worth $5,474,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Manning & Napier Advisors LLC acquired a new stake in Carnival in the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Carnival during the third quarter worth $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Carnival during the fourth quarter worth $26,000. Axiom Investment Management LLC purchased a new stake in shares of Carnival during the second quarter valued at $29,000. Finally, Ancora Advisors LLC acquired a new position in shares of Carnival in the 2nd quarter valued at $29,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Price Performance

Carnival stock opened at $23.47 on Friday. The company has a fifty day simple moving average of $26.92 and a 200-day simple moving average of $27.22. The firm has a market capitalization of $32.15 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.03 and a beta of 2.31. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. Carnival Corporation has a 52-week low of $23.08 and a 52-week high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last announced 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. The company had revenue of $6.66 billion during the quarter, compared to analysts' expectations of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. Carnival's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, equities analysts anticipate that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given a $0.15 dividend. The ex-dividend date was Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.6%. Carnival's dividend payout ratio is 27.03%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CCL shares. Melius Research set a $36.00 price target on shares of Carnival in a report on Wednesday, June 17th. Weiss Ratings raised Carnival from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, August 27th. Freedom Capital upgraded Carnival to a "strong-buy" rating in a research note on Wednesday, June 3rd. Susquehanna upped their target price on Carnival from $30.00 to $33.00 and gave the stock a "positive" rating in a research note on Wednesday, June 24th. Finally, Tigress Financial boosted their price target on Carnival from $40.00 to $42.00 and gave the company a "buy" rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carnival has an average rating of "Moderate Buy" and a consensus price target of $35.08.

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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