Public Employees Retirement System of Ohio Purchases New Shares in Carnival Corporation $CCL

Public Employees Retirement System of Ohio purchased a new stake in Carnival Corporation (NYSE:CCL - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 538,417 shares of the company's stock, valued at approximately $15,383,000.

Several other institutional investors have also modified their holdings of CCL. Manning & Napier Advisors LLC purchased a new position in Carnival during the second quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Carnival in the third quarter worth approximately $25,000. Lloyd Advisory Services LLC. bought a new position in Carnival in the 4th quarter valued at $26,000. Basecamp Wealth Advisors LLC lifted its position in shares of Carnival by 107.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company's stock worth $27,000 after purchasing an additional 542 shares during the last quarter. Finally, Axiom Investment Management LLC purchased a new position in Carnival in the 2nd quarter worth about $29,000. 67.19% of the stock is owned by institutional investors.

Carnival Trading Up 0.2%

Shares of NYSE:CCL opened at $24.80 on Monday. The business's 50 day moving average price is $27.36 and its 200-day moving average price is $27.48. Carnival Corporation has a 1 year low of $23.45 and a 1 year high of $34.03. The firm has a market capitalization of $33.97 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.03 and a beta of 2.35. 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 issued its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 research analysts forecast that Carnival Corporation will post 2.23 earnings per share for the current fiscal year.

Carnival Announces Dividend

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

Analyst Ratings Changes

CCL has been the subject of a number of research reports. Citigroup upped their price objective on shares of Carnival from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Tuesday, June 16th. Wells Fargo & Company upped their price target on shares of Carnival from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. BMO Capital Markets began coverage on Carnival in a report on Tuesday, July 7th. They issued a "market perform" rating and a $30.00 price target on the stock. Susquehanna boosted their price target on Carnival from $30.00 to $33.00 and gave the stock a "positive" rating in a research note on Wednesday, June 24th. Finally, Freedom Capital raised shares of Carnival to a "strong-buy" rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Carnival has a consensus rating of "Moderate Buy" and an average 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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