Swiss Life Asset Management Ltd Increases Stake in Carnival Corporation $CCL

Swiss Life Asset Management Ltd increased its stake in Carnival Corporation (NYSE:CCL) by 107.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,191 shares of the company’s stock after buying an additional 136,675 shares during the period. Swiss Life Asset Management Ltd’s holdings in Carnival were worth $7,548,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CCL. Retirement Systems of Alabama boosted its position in Carnival by 10.7% during the 2nd quarter. Retirement Systems of Alabama now owns 270,253 shares of the company’s stock valued at $7,721,000 after acquiring an additional 26,012 shares in the last quarter. Baker Avenue Asset Management LP raised its position in shares of Carnival by 6.2% in the 2nd quarter. Baker Avenue Asset Management LP now owns 23,681 shares of the company’s stock worth $677,000 after acquiring an additional 1,374 shares in the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of Carnival by 11.5% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 372,009 shares of the company’s stock worth $10,678,000 after acquiring an additional 38,357 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Carnival by 575.9% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 23,725 shares of the company’s stock valued at $678,000 after purchasing an additional 20,215 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Carnival by 20.1% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 158,100 shares of the company’s stock valued at $4,517,000 after purchasing an additional 26,500 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Freedom Capital upgraded shares of Carnival to a “strong-buy” rating in a report on Wednesday, June 3rd. Melius Research set a $36.00 target price on shares of Carnival in a research report on Wednesday, June 17th. Susquehanna increased their price target on shares of Carnival from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Wednesday, June 24th. Finally, TD Cowen lifted their price target on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.08.

Carnival Stock Up 2.7%

Shares of NYSE:CCL opened at $28.40 on Friday. 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 stock has a fifty day simple moving average of $27.96 and a two-hundred day simple moving average of $27.86. Carnival Corporation has a 12-month low of $23.45 and a 12-month high of $34.03. The stock has a market capitalization 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 released 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. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly 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. On average, research analysts anticipate that Carnival Corporation will post 2.23 earnings per share for the current fiscal year.

Carnival Dividend Announcement

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

Insiders Place Their Bets

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction dated 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 completion of the transaction, the insider directly owned 69,238 shares of the company’s stock, valued at approximately $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 accessible through this link. Corporate insiders own 7.90% of the company’s stock.

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.