Sumitomo Mitsui Trust Group Inc. Has $76.90 Million Stake in Carnival Corporation $CCL

Key Points

• Sumitomo Mitsui Trust Group increased its Carnival stake by 15.6% in the second quarter, owning 2.69 million shares valued at approximately $76.9 million. Institutional investors collectively hold 67.19% of Carnival.
• Carnival reported quarterly EPS of $0.41, beating analyst estimates of $0.34, while revenue rose 5.3% year over year to $6.66 billion. Analysts expect full-year 2026 EPS of about $2.23.
• Carnival declared a quarterly dividend of $0.15, equivalent to an annualized $0.60 payout and a 2.1% yield. Wall Street maintains a “Moderate Buy” consensus rating with an average price target of $35.08.

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 15.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,691,493 shares of the company's stock after purchasing an additional 364,053 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Carnival worth $76,896,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in shares of Carnival in the first quarter worth approximately $1,732,000. Swedbank AB increased its position in Carnival by 10.0% during the 4th quarter. Swedbank AB now owns 519,939 shares of the company's stock valued at $15,879,000 after purchasing an additional 47,070 shares during the period. Vanguard Group Inc. raised its holdings in Carnival by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company's stock worth $3,913,190,000 after purchasing an additional 368,445 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Carnival by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,252,014 shares of the company's stock worth $69,632,000 after purchasing an additional 109,474 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Carnival by 95.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 889,393 shares of the company's stock worth $23,017,000 after purchasing an additional 435,470 shares during the period. Institutional investors own 67.19% of the company's stock.

Insider Transactions at Carnival

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the completion of the sale, the insider owned 69,238 shares of the company's stock, valued at approximately $1,945,587.80. This trade represents a 38.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.90% of the company's stock.

Carnival Trading Up 2.7%

CCL opened at $28.40 on Friday. Carnival Corporation has a 1-year low of $23.45 and a 1-year high of $34.03. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market cap of $38.90 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.22 and a beta of 2.35. The company has a fifty day moving average price of $27.96 and a two-hundred day moving average price of $27.86.

Carnival (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $6.66 billion for 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 business's revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior 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. Analysts predict that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be issued a $0.15 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.1%. Carnival's dividend payout ratio is presently 27.03%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Argus set a $35.00 target price on shares of Carnival in a research note on Friday, June 26th. Wells Fargo & Company increased their price target on Carnival from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Barclays lowered their price objective on Carnival from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Wednesday, June 24th. Weiss Ratings downgraded Carnival from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, May 18th. Finally, Stifel Nicolaus upped their target price on Carnival from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source