31,119 Shares in Carnival Corporation $CCL Bought by Independent Financial Group LLC

Independent Financial Group LLC bought a new stake in shares of Carnival Corporation (NYSE:CCL) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,119 shares of the company’s stock, valued at approximately $805,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCL. Wealthfront Advisers LLC grew its position in shares of Carnival by 2.0% during the first quarter. Wealthfront Advisers LLC now owns 136,320 shares of the company’s stock valued at $3,528,000 after purchasing an additional 2,705 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Carnival by 45.4% in the first quarter. D.A. Davidson & CO. now owns 38,251 shares of the company’s stock worth $990,000 after buying an additional 11,947 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Carnival by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 5,608,651 shares of the company’s stock worth $145,152,000 after buying an additional 278,758 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Carnival by 10.6% during the first quarter. Geneos Wealth Management Inc. now owns 16,008 shares of the company’s stock valued at $414,000 after buying an additional 1,540 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in Carnival by 70.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,510 shares of the company’s stock valued at $91,000 after buying an additional 1,445 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCL. Freedom Capital raised Carnival to a “strong-buy” rating in a report on Wednesday, June 3rd. Loop Capital began coverage on shares of Carnival in a report on Monday, June 1st. They issued a “buy” rating and a $36.00 target price for the company. Mizuho raised their target price on shares of Carnival from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Argus set a $35.00 price target on shares of Carnival in a research report on Friday, June 26th. Finally, Tigress Financial upped their price target on shares of Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.99.

Insiders Place Their Bets

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.90% of the stock is owned by company insiders.

Carnival Trading Up 0.3%

Shares of CCL stock opened at $26.13 on Wednesday. The company has a market cap of $35.79 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.15 and a beta of 2.32. Carnival Corporation has a 1 year low of $23.45 and a 1 year high of $34.03. The stock’s 50 day simple moving average is $27.46 and its two-hundred day simple moving average is $28.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29.

Carnival (NYSE:CCL) last announced its 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 return on equity of 26.11% and a net margin of 11.24%.The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. Research analysts predict that Carnival Corporation will post 2.23 earnings per share 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 7th. Carnival’s payout ratio is presently 27.03%.

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.