Pictet Asset Management Holding SA grew its position in Carnival Corporation (NYSE:CCL - Free Report) by 68.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 727,796 shares of the company's stock after acquiring an additional 295,805 shares during the quarter. Pictet Asset Management Holding SA owned about 0.05% of Carnival worth $20,793,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Auto Owners Insurance Co lifted its holdings in Carnival by 2,954.0% in the 4th quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company's stock valued at $60,625,000 after purchasing an additional 19,201,000 shares in the last quarter. Viking Global Investors LP acquired a new stake in shares of Carnival in the fourth quarter valued at about $429,448,000. Pacer Advisors Inc. raised its position in shares of Carnival by 2,432.8% in the fourth quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company's stock valued at $204,311,000 after buying an additional 6,425,822 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Carnival by 99.6% in the third quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company's stock worth $351,535,000 after buying an additional 6,066,336 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Carnival by 1,619.1% during the fourth quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company's stock worth $156,740,000 after acquiring an additional 4,833,723 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.
Carnival Stock Performance
Shares of Carnival stock opened at $28.14 on Friday. The company has a market cap of $38.54 billion, a PE ratio of 12.67, a P/E/G ratio of 1.25 and a beta of 2.35. The business has a 50-day simple moving average of $27.98 and a 200-day simple moving average of $27.86. 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 Corporation has a one year low of $23.45 and a one year high of $34.03.
Carnival (NYSE:CCL - Get Free Report) last issued its earnings results 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 business 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%. The company's revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $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 research analysts forecast that Carnival Corporation will post 2.23 EPS for the current fiscal year.
Carnival Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 7th. Carnival's dividend payout ratio (DPR) is 27.03%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on CCL. BMO Capital Markets initiated coverage on shares of Carnival in a research note on Tuesday, July 7th. They set a "market perform" rating and a $30.00 price objective for the company. Argus set a $35.00 price target on Carnival in a research report on Friday, June 26th. Susquehanna increased their price target on Carnival from $30.00 to $33.00 and gave the company a "positive" rating in a report on Wednesday, June 24th. Melius Research set a $36.00 price objective on Carnival in a research note on Wednesday, June 17th. Finally, Wells Fargo & Company upped their target price on Carnival from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. One equities research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.08.
Check Out Our Latest Report on CCL
Insider Buying and Selling at Carnival
In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the business's stock in a transaction dated 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 in the company, valued at $1,945,587.80. The trade was a 38.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.90% of the stock is currently owned by insiders.
Carnival Profile
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Free Report)
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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