Carnival Corporation $CCL Position Lifted by Moran Wealth Management LLC

Moran Wealth Management LLC grew its stake in shares of Carnival Corporation (NYSE:CCL) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,035 shares of the company’s stock after acquiring an additional 19,431 shares during the period. Moran Wealth Management LLC’s holdings in Carnival were worth $7,687,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages have issued reports on CCL. UBS Group cut their target price on shares of Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Zacks Research upgraded Carnival from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Freedom Capital raised Carnival to a “strong-buy” rating in a report on Wednesday, June 3rd. TD Cowen raised their target price on Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Melius Research set a $36.00 target price on Carnival in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.23.

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 transaction, the insider directly owned 69,238 shares in the company, valued at approximately $1,945,587.80. This trade represents a 38.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.90% of the company’s stock.

Carnival Stock Up 0.2%

CCL stock opened at $27.95 on Friday. Carnival Corporation has a 52 week low of $23.45 and a 52 week high of $34.03. The company has a market capitalization of $38.29 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.23 and a beta of 2.32. The firm’s 50-day moving average is $27.41 and its two-hundred day moving average is $28.47. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.69 billion. During the same period last year, the firm posted $0.35 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. 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, analysts forecast that Carnival Corporation will post 2.22 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, May 18th. Carnival’s dividend payout ratio (DPR) is presently 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.