Waterloo Capital L.P. Grows Position in Carnival Corporation $CCL

Waterloo Capital L.P. grew its position in Carnival Corporation (NYSE:CCL) by 278.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,480 shares of the company’s stock after acquiring an additional 21,700 shares during the quarter. Waterloo Capital L.P.’s holdings in Carnival were worth $842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Carnival during the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. bought a new stake in Carnival in the fourth quarter worth $26,000. Basecamp Wealth Advisors LLC increased its position in Carnival by 107.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock worth $27,000 after purchasing an additional 542 shares during the last quarter. Optima Capital LLC purchased a new stake in Carnival during the fourth quarter valued at $32,000. Finally, Motiv8 Investments LLC purchased a new stake in Carnival during the fourth quarter valued at $32,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 completion of the transaction, the insider owned 69,238 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. 7.90% of the stock is owned by company insiders.

Carnival Trading Up 2.7%

Shares of CCL opened at $28.40 on Friday. Carnival Corporation has a twelve month low of $23.45 and a twelve month high of $34.03. The company has a market cap of $38.90 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.22 and a beta of 2.35. 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’s fifty day simple moving average is $27.96 and its 200-day simple moving average is $27.86.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company 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, analysts expect that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.1%. Carnival’s dividend payout ratio (DPR) is presently 27.03%.

Wall Street Analyst Weigh In

CCL has been the subject of a number of recent research reports. 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 objective for the company. Stifel Nicolaus increased 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. Melius Research set a $36.00 price target on Carnival in a research report on Wednesday, June 17th. Freedom Capital raised Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. Finally, Barclays decreased their price objective on Carnival from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.