Carnival Corporation $CCL Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of Carnival Corporation (NYSE:CCL) by 11.4% during the second quarter, Holdings Channel reports. The institutional investor owned 4,687,038 shares of the company’s stock after acquiring an additional 480,097 shares during the period. Assenagon Asset Management S.A.’s holdings in Carnival were worth $133,909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BOCHK Asset Management Ltd acquired a new stake in shares of Carnival during the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Carnival in the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in Carnival in the 4th quarter valued at approximately $26,000. Basecamp Wealth Advisors LLC increased its stake in Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after purchasing an additional 542 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in Carnival by 381.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock worth $29,000 after purchasing an additional 762 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction dated 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 approximately $1,945,587.80. This trade represents a 38.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Melius Research set a $36.00 target price on Carnival in a research report on Wednesday, June 17th. UBS Group dropped their price target on Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, April 13th. TD Cowen lifted their price target on Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Barclays decreased their price objective on shares of Carnival from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. Finally, BMO Capital Markets began coverage on shares of Carnival in a research note on Tuesday, July 7th. They issued a “market perform” rating and a $30.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.08.

Carnival Trading Down 2.8%

Shares of Carnival stock opened at $28.83 on Friday. Carnival Corporation has a 1 year low of $23.45 and a 1 year high of $34.03. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. The business has a 50 day moving average price of $27.92 and a 200 day moving average price of $27.87. The company has a market capitalization of $39.49 billion, a P/E ratio of 12.99, a P/E/G ratio of 1.31 and a beta of 2.35.

Carnival (NYSE:CCL) last announced 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. The firm had revenue of $6.66 billion for 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%.Carnival’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Sell-side analysts anticipate that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The business 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 dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Carnival’s dividend payout ratio (DPR) is presently 27.03%.

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.