Swiss National Bank Acquires 388,900 Shares of Carnival Corporation $CCL

Swiss National Bank raised its holdings in Carnival Corporation (NYSE:CCL) by 13.5% during the first quarter, HoldingsChannel.com reports. The fund owned 3,266,100 shares of the company’s stock after purchasing an additional 388,900 shares during the period. Swiss National Bank’s holdings in Carnival were worth $84,527,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CCL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Carnival by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock valued at $2,191,000 after purchasing an additional 5,435 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in Carnival in the first quarter valued at approximately $228,000. Empowered Funds LLC boosted its position in Carnival by 61.6% in 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 grew its stake in shares of Carnival by 41.9% during the first quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock worth $1,729,000 after buying an additional 26,141 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of 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 buying an additional 23,484 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Susquehanna increased their price target on Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research note on Wednesday, June 24th. Loop Capital initiated coverage on Carnival in a report on Monday, June 1st. They issued a “buy” rating and a $36.00 target price for the company. BMO Capital Markets started coverage on Carnival in a research report on Tuesday, July 7th. They issued a “market perform” rating and a $30.00 target price for the company. Tigress Financial lifted their price target on Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carnival currently has an average rating of “Moderate Buy” and an average price target of $34.99.

Carnival Trading Down 1.5%

NYSE CCL opened at $26.02 on Tuesday. The firm has a market capitalization of $35.65 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.16 and a beta of 2.32. The business’s 50-day moving average price is $27.43 and its two-hundred day moving average price is $28.18. 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 Corporation has a 12 month low of $23.45 and a 12 month high of $34.03.

Carnival (NYSE:CCL) last issued its quarterly earnings data 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 company had revenue of $6.66 billion during 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 firm’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. 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 expect that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.3%. Carnival’s dividend payout ratio (DPR) is presently 27.03%.

Insider Activity

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total value of $1,209,929.80. Following the transaction, the insider owned 69,238 shares in the company, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.90% of the company’s stock.

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.