Independent Financial Group LLC Invests $805,000 in Carnival Corporation $CCL

Independent Financial Group LLC purchased a new position in shares of Carnival Corporation (NYSE:CCL) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 31,119 shares of the company’s stock, valued at approximately $805,000.

A number of other large investors also recently bought and sold shares of the business. CVA Family Office LLC lifted its position in shares of Carnival by 15.6% during the fourth quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock worth $79,000 after purchasing an additional 350 shares during the last quarter. Net Worth Advisory Group grew its holdings in shares of Carnival by 2.9% in the fourth quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock worth $378,000 after purchasing an additional 354 shares during the last quarter. Triad Wealth Partners LLC increased its stake in Carnival by 2.1% in the 4th quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock worth $533,000 after buying an additional 358 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in Carnival by 3.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock worth $322,000 after buying an additional 358 shares during the period. Finally, StoneX Group Inc. lifted its holdings in Carnival by 4.9% during the 4th quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock valued at $242,000 after buying an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Stock Up 0.3%

NYSE:CCL opened at $26.13 on Wednesday. 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 Corporation has a 1-year low of $23.45 and a 1-year high of $34.03. The company has a 50-day moving average of $27.46 and a 200 day moving average of $28.15. The firm 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 (NYSE:CCL) last posted its earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter last year, the firm posted $0.35 EPS. The company’s revenue for the quarter 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. As a group, research analysts anticipate that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. Carnival’s payout ratio is 27.03%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings cut shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. TD Cowen raised their target price on shares of Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Tigress Financial boosted their price target on Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Mizuho boosted their price target on Carnival from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Finally, Barclays reduced their price objective on Carnival from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.99.

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 stock was 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 $1,945,587.80. This represents a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.90% of the stock is currently owned by corporate insiders.

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.