Swiss Life Asset Management Ltd Acquires 136,675 Shares of Carnival Corporation $CCL

Key Points

• Swiss Life Asset Management more than doubled its Carnival stake in the second quarter, acquiring 136,675 shares for a total holding of 264,191 shares valued at $7.55 million. Institutional investors now own 67.19% of Carnival.
• Carnival reported quarterly EPS of $0.41, beating estimates by $0.07, while revenue rose 5.3% year over year to $6.66 billion. The company also declared a quarterly dividend of $0.15 per share, representing a 2.1% yield.
• Analysts maintain a generally positive outlook, with Carnival carrying a “Moderate Buy” consensus rating and an average price target of $35.08 versus a recent share price of $28.40.

Swiss Life Asset Management Ltd grew its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 107.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 264,191 shares of the company's stock after acquiring an additional 136,675 shares during the quarter. Swiss Life Asset Management Ltd's holdings in Carnival were worth $7,548,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Carnival by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company's stock valued at $2,191,000 after purchasing an additional 5,435 shares in the last quarter. Great Lakes Advisors LLC purchased a new position in Carnival in the 1st quarter worth $228,000. Empowered Funds LLC raised its position in Carnival by 61.6% in the 1st quarter. Empowered Funds LLC now owns 30,437 shares of the company's stock worth $594,000 after purchasing an additional 11,601 shares during the period. Woodline Partners LP lifted its stake in Carnival by 41.9% in the first quarter. Woodline Partners LP now owns 88,522 shares of the company's stock worth $1,729,000 after purchasing an additional 26,141 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in Carnival by 57.0% during the second quarter. Baird Financial Group Inc. now owns 64,720 shares of the company's stock valued at $1,820,000 after buying an additional 23,484 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Stock Performance

Shares of NYSE:CCL opened at $28.40 on Friday. 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 50-day moving average price of $27.96 and a 200-day moving average price of $27.86. The company has a market cap of $38.90 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 1.22 and a beta of 2.35. Carnival Corporation has a 12 month low of $23.45 and a 12 month high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The company 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%.Carnival'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. As a group, equities analysts anticipate that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

The firm 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. Carnival's payout ratio is 27.03%.

Insider Activity at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the company'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 transaction of $1,209,929.80. Following the completion of the transaction, the insider owned 69,238 shares in the company, valued at $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CCL shares. TD Cowen lifted their price objective on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Friday, May 15th. Argus set a $35.00 target price on Carnival in a report on Friday, June 26th. Freedom Capital upgraded Carnival to a "strong-buy" rating in a research report on Wednesday, June 3rd. Zacks Research raised Carnival from a "strong sell" rating to a "hold" rating in a research note on Friday, May 15th. Finally, BMO Capital Markets started coverage on Carnival in a research report on Tuesday, July 7th. They issued a "market perform" rating and a $30.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $35.08.

Carnival 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.

Want to see what other hedge funds are holding CCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carnival Corporation (NYSE:CCL - Free Report).

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