Tidal Investments LLC Purchases 35,373 Shares of Carnival Corporation $CCL

Tidal Investments LLC raised its position in shares of Carnival Corporation (NYSE:CCL) by 37.1% during the 2nd quarter, Holdings Channel reports. The fund owned 130,662 shares of the company’s stock after purchasing an additional 35,373 shares during the period. Tidal Investments LLC’s holdings in Carnival were worth $3,733,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Van Hulzen Asset Management LLC bought a new position in shares of Carnival in the 2nd quarter valued at about $246,000. Archford Capital Strategies LLC bought a new stake in shares of Carnival in the 2nd quarter valued at approximately $634,000. National Pension Service boosted its holdings in shares of Carnival by 8.7% in the 2nd quarter. National Pension Service now owns 3,228,771 shares of the company’s stock worth $92,246,000 after purchasing an additional 258,460 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Carnival during the 2nd quarter valued at approximately $304,000. Finally, Integrated Wealth Concepts LLC raised its holdings in Carnival by 5.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 73,100 shares of the company’s stock valued at $2,088,000 after buying an additional 4,072 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Trading Down 0.9%

Shares of NYSE CCL opened at $22.55 on Tuesday. 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 business has a fifty day simple moving average of $26.16 and a two-hundred day simple moving average of $26.79. The firm has a market cap of $30.89 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.99 and a beta of 2.31. Carnival Corporation has a twelve month low of $22.11 and a twelve month high of $34.03.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior 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. Analysts expect that Carnival Corporation will post 2.22 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. Carnival’s dividend payout ratio is 27.03%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Melius Research set a $36.00 price target on shares of Carnival in a report on Wednesday, June 17th. Truist Financial raised their price objective on shares of Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. BMO Capital Markets began coverage on Carnival in a research note on Tuesday, July 7th. They set a “market perform” rating and a $30.00 target price on the stock. Argus set a $35.00 price target on Carnival in a report on Friday, June 26th. Finally, Loop Capital began coverage on Carnival in a research note on Monday, June 1st. They set a “buy” rating and a $36.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.80.

Carnival Profile

Carnival Corporation & plc is a global leisure travel company that operates cruise lines and related vacation businesses. Its cruise brands serve travelers in North America, Europe, Australia, and other international markets, offering ocean voyages to destinations throughout the Caribbean, Europe, Alaska, Asia, Australia, and other regions.

The company’s brand portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises, and P&O Cruises Australia.