538,417 Shares in Carnival Corporation $CCL Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Carnival Corporation (NYSE:CCL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 538,417 shares of the company’s stock, valued at approximately $15,383,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Manning & Napier Advisors LLC acquired a new position in Carnival during the second quarter worth about $25,000. Measured Wealth Private Client Group LLC purchased a new position in Carnival in the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in Carnival in the 4th quarter worth approximately $26,000. Axiom Investment Management LLC acquired a new position in shares of Carnival during the 2nd quarter worth approximately $29,000. Finally, Ancora Advisors LLC acquired a new position in shares of Carnival during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

CCL has been the subject of several recent research reports. Argus set a $35.00 price target on Carnival in a report on Friday, June 26th. Truist Financial upped their target price on Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Freedom Capital raised Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company lifted their price target on Carnival from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Finally, Susquehanna boosted their price target on shares of Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Carnival currently has an average rating of “Moderate Buy” and an average target price of $35.08.

Carnival Trading Up 0.2%

Shares of Carnival stock opened at $24.80 on Monday. The stock has a 50 day moving average of $27.36 and a 200 day moving average of $27.48. 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 firm has a market capitalization of $33.97 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.03 and a beta of 2.35. Carnival Corporation has a fifty-two week low of $23.45 and a fifty-two week high of $34.03.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 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 company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. As a group, research analysts predict that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. Carnival’s dividend payout ratio is presently 27.03%.

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.