Troluce Capital Advisors LLC Invests $2.39 Million in Carnival Corporation $CCL

Troluce Capital Advisors LLC bought a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 92,400 shares of the company's stock, valued at approximately $2,391,000.

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Several other hedge funds have also added to or reduced their stakes in the company. BOCHK Asset Management Ltd bought a new position in Carnival during the 4th quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Carnival in the third quarter valued at about $25,000. Lloyd Advisory Services LLC. bought a new stake in shares of Carnival in the fourth quarter valued at about $26,000. Newbridge Financial Services Group Inc. grew its stake in shares of Carnival by 381.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company's stock valued at $29,000 after acquiring an additional 762 shares in the last quarter. Finally, Optima Capital LLC acquired a new position in shares of Carnival in the fourth quarter valued at about $32,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Stock Performance

Shares of Carnival stock opened at $26.36 on Monday. The company's fifty day moving average is $27.52 and its 200 day moving average is $28.04. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. The stock has a market cap of $36.10 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 1.16 and a beta of 2.32. Carnival Corporation has a twelve month low of $23.45 and a twelve month high of $34.03.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The business had revenue of $6.66 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Sell-side analysts forecast 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. Investors of record on Friday, August 7th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. Carnival's dividend payout ratio is presently 27.03%.

Insider Activity

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CCL. Citigroup boosted their price objective on shares of Carnival from $35.00 to $37.00 and gave the company a "buy" rating in a report on Tuesday, June 16th. BMO Capital Markets initiated coverage on Carnival in a report on Tuesday, July 7th. They issued a "market perform" rating and a $30.00 target price on the stock. Tigress Financial lifted their price target on Carnival from $40.00 to $42.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. Wells Fargo & Company boosted 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. Finally, Weiss Ratings lowered Carnival from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, May 18th. One equities 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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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