Van ECK Associates Corp Invests $4.76 Million in Carnival Corporation $CCL

Key Points

• Van ECK Associates acquired 166,545 Carnival shares worth approximately $4.76 million during the second quarter. Institutional investors collectively own 67.19% of the company.
• Carnival reported quarterly EPS of $0.41, beating analyst expectations of $0.34, while revenue rose 5.3% year over year to $6.66 billion. The company maintains fiscal 2026 EPS guidance of $2.22.
• The company paid a quarterly dividend of $0.15 per share, equating to an annualized $0.60 payout and a 2.5% yield. Analysts give Carnival a consensus “Moderate Buy” rating with an average price target of $35.08.

Van ECK Associates Corp purchased a new stake in Carnival Corporation (NYSE:CCL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 166,545 shares of the company's stock, valued at approximately $4,758,000.

Other large investors have also made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new position in Carnival in the second quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Carnival in the third quarter worth about $25,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Carnival during the fourth quarter worth about $26,000. Axiom Investment Management LLC acquired a new stake in shares of Carnival during the second quarter worth about $29,000. Finally, Ancora Advisors LLC bought a new position in shares of Carnival during the 2nd quarter valued at about $29,000. Institutional investors own 67.19% of the company's stock.

Carnival Stock Up 2.0%

NYSE:CCL opened at $23.70 on Thursday. 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 company has a market cap of $32.47 billion, a PE ratio of 10.68, a PEG ratio of 1.00 and a beta of 2.31. Carnival Corporation has a 52-week low of $23.08 and a 52-week high of $34.03. The stock has a 50-day simple moving average of $27.02 and a 200 day simple moving average of $27.28.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm had revenue of $6.66 billion for the quarter, compared to analysts' expectations of $6.69 billion. During the same quarter in the previous year, the business posted $0.35 EPS. The business's quarterly revenue was up 5.3% compared to the same quarter last year. 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, sell-side analysts expect that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, August 7th. Carnival's payout ratio is currently 27.03%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CCL shares. Melius Research set a $36.00 price objective on Carnival in a research report on Wednesday, June 17th. BMO Capital Markets began coverage on shares of Carnival in a report on Tuesday, July 7th. They set a "market perform" rating and a $30.00 target price on the stock. Loop Capital initiated coverage on shares of Carnival in a research note on Monday, June 1st. They issued a "buy" rating and a $36.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Carnival from $35.00 to $36.00 and gave the company a "buy" rating in a report on Friday, June 12th. Finally, Zacks Research upgraded shares of Carnival from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Carnival has an average rating of "Moderate Buy" and a consensus target price of $35.08.

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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