Public Employees Retirement System of Ohio Buys 45,828 Shares of Carnival Corporation $CCL

Public Employees Retirement System of Ohio grew its stake in Carnival Corporation (NYSE:CCL) by 9.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 536,973 shares of the company’s stock after buying an additional 45,828 shares during the period. Public Employees Retirement System of Ohio’s holdings in Carnival were worth $13,897,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Net Worth Advisory Group increased its holdings in Carnival by 2.9% in the 4th quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock worth $378,000 after acquiring an additional 354 shares in the last quarter. Triad Wealth Partners LLC increased its stake in shares of Carnival by 2.1% in the fourth quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock worth $533,000 after purchasing an additional 358 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Carnival by 3.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock valued at $322,000 after purchasing an additional 358 shares during the period. StoneX Group Inc. lifted its stake in shares of 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. Finally, Brooklyn Investment Group raised its holdings in Carnival by 1.9% during the third quarter. Brooklyn Investment Group now owns 21,363 shares of the company’s stock valued at $618,000 after acquiring an additional 396 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 69,238 shares in the company, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.90% of the company’s stock.

Carnival Stock Up 0.1%

NYSE CCL opened at $26.36 on Monday. The stock has a 50 day moving average price of $27.52 and a 200-day moving average price of $28.04. Carnival Corporation has a one year low of $23.45 and a one year 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 company has a market capitalization of $36.10 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.16 and a beta of 2.32.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. Carnival’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, equities analysts predict that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CCL shares. Argus set a $35.00 price objective on Carnival in a research note on Friday, June 26th. UBS Group lowered their price target on Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Citigroup upped their price target on Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. TD Cowen increased their price objective on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Freedom Capital upgraded shares of Carnival to a “strong-buy” rating in a research report on Wednesday, June 3rd. 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, Carnival presently has an average rating of “Moderate Buy” and a consensus target price of $35.08.

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.