Saudi Central Bank Acquires 48,415 Shares of Carnival Corporation $CCL

Key Points

• Saudi Central Bank more than doubled its Carnival stake in the second quarter, adding 48,415 shares for a total of 89,493 shares valued at approximately $2.56 million. Institutional investors own 67.19% of Carnival’s stock.
• Analysts remain generally positive, with a consensus rating of “Moderate Buy” and an average price target of $35.08. Wells Fargo and Stifel recently raised their price targets to $38 and $36, respectively.
• Carnival exceeded quarterly earnings expectations, reporting $0.41 in EPS versus a $0.34 consensus estimate, while revenue rose 5.3% year over year to $6.66 billion. The company also pays a quarterly dividend of $0.15, yielding approximately 2.6% annually.

Saudi Central Bank raised its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 117.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,493 shares of the company's stock after buying an additional 48,415 shares during the quarter. Saudi Central Bank's holdings in Carnival were worth $2,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Manning & Napier Advisors LLC bought a new stake in shares of Carnival in the 2nd quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in Carnival during the third quarter worth $25,000. Lloyd Advisory Services LLC. acquired a new stake in Carnival in the fourth quarter worth $26,000. Basecamp Wealth Advisors LLC grew its holdings in Carnival by 107.8% in 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 period. Finally, Axiom Investment Management LLC bought a new stake in Carnival in the second quarter valued at $29,000. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CCL shares. Wells Fargo & Company upped their price objective on shares of Carnival from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. BMO Capital Markets began coverage on Carnival in a research report on Tuesday, July 7th. They issued a "market perform" rating and a $30.00 target price for the company. Sanford C. Bernstein downgraded Carnival from a "market perform" rating to a "market perform" rating in a research note on Tuesday, June 23rd. Stifel Nicolaus increased their price target on Carnival from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Friday, June 12th. Finally, Zacks Research raised Carnival from a "strong sell" rating to a "hold" rating in a research note 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.08.

Carnival Trading Up 0.0%

NYSE:CCL opened at $23.52 on Tuesday. Carnival Corporation has a 52 week low of $23.08 and a 52 week high of $34.03. The firm has a 50-day moving average price of $26.70 and a two-hundred day moving average price of $27.10. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. The firm has a market cap of $32.21 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 1.02 and a beta of 2.31.

Carnival (NYSE:CCL - Get Free Report) last announced 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. The firm had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The company's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business 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 expect that Carnival Corporation will post 2.23 earnings per share for the current fiscal year.

Carnival Dividend Announcement

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