Diversify Wealth Management LLC Grows Position in Carnival Corporation $CCL

Diversify Wealth Management LLC raised its stake in shares of Carnival Corporation (NYSE:CCL) by 58.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 63,648 shares of the company’s stock after purchasing an additional 23,524 shares during the period. Diversify Wealth Management LLC’s holdings in Carnival were worth $1,726,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new position in shares of Carnival during the 3rd quarter valued at about $25,000. Lloyd Advisory Services LLC. bought a new position in Carnival in the 4th quarter worth $26,000. Basecamp Wealth Advisors LLC increased its stake in Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock worth $27,000 after buying an additional 542 shares in the last quarter. Optima Capital LLC purchased a new stake in Carnival in the 4th quarter worth $32,000. Finally, Motiv8 Investments LLC bought a new stake in Carnival during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CCL shares. Freedom Capital raised Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. Argus set a $35.00 target price on Carnival in a research note on Friday, June 26th. Sanford C. Bernstein cut Carnival from a “market perform” rating to a “market perform” rating in a report on Tuesday, June 23rd. TD Cowen upped their price target on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Truist Financial lifted their price objective on shares of Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.08.

Carnival Price Performance

Carnival stock opened at $28.40 on Friday. Carnival Corporation has a 52-week low of $23.45 and a 52-week high of $34.03. 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 firm’s fifty day moving average is $27.96 and its 200 day moving average is $27.86. The company has a market cap of $38.90 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.22 and a beta of 2.35.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 company posted $0.35 EPS. 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. Sell-side analysts forecast that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be given 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 (DPR) is currently 27.03%.

Insiders Place Their Bets

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’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 sale, the insider directly owned 69,238 shares of the company’s stock, valued at $1,945,587.80. The trade was a 38.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.90% of the stock is owned by insiders.

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.