58,600 Shares in Carnival Corporation $CCL Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Carnival Corporation (NYSE:CCL) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 58,600 shares of the company’s stock, valued at approximately $1,517,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCL. Auto Owners Insurance Co grew its stake in Carnival by 2,954.0% during the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock worth $60,625,000 after buying an additional 19,201,000 shares during the last quarter. Viking Global Investors LP bought a new position in shares of Carnival in the fourth quarter valued at approximately $429,448,000. Pacer Advisors Inc. boosted its holdings in shares of Carnival by 2,432.8% in the 4th quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock worth $204,311,000 after acquiring an additional 6,425,822 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Carnival by 99.6% in the 3rd quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock worth $351,535,000 after acquiring an additional 6,066,336 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Carnival by 50.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,510,016 shares of the company’s stock worth $419,573,000 after acquiring an additional 4,883,024 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’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 completion of the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. 7.90% of the stock is owned by corporate insiders.

Carnival Stock Down 2.0%

NYSE CCL opened at $27.95 on Friday. The stock has a market capitalization of $38.29 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 1.26 and a beta of 2.32. Carnival Corporation has a 52 week low of $23.45 and a 52 week high of $34.03. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. The stock has a fifty day moving average of $27.39 and a 200-day moving average of $28.48.

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

Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a dividend of $0.15 per share. The ex-dividend date was Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Carnival’s dividend payout ratio is presently 27.03%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus raised their price target on 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 objective on Carnival in a research note on Wednesday, June 17th. Wells Fargo & Company increased their target price on Carnival from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. UBS Group lowered their target price on Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, April 13th. 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 issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.23.

Carnival Company 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.