Diversify Wealth Management LLC Invests $1.03 Million in Carnival Corporation $CCL

Diversify Wealth Management LLC purchased a new stake in Carnival Corporation (NYSE:CCL) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 40,124 shares of the company’s stock, valued at approximately $1,026,000.

A number of other large investors have also added to or reduced their stakes in CCL. Auto Owners Insurance Co increased its stake in Carnival by 2,954.0% during the 4th quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock worth $60,625,000 after acquiring an additional 19,201,000 shares during the period. Viking Global Investors LP bought a new stake in shares of Carnival during the 4th quarter valued at $429,448,000. Pacer Advisors Inc. lifted its position in shares of Carnival by 2,432.8% during the 4th quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock valued at $204,311,000 after acquiring an additional 6,425,822 shares during the period. Wellington Management Group LLP grew its holdings in shares of Carnival by 99.6% during the 3rd quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock worth $351,535,000 after purchasing an additional 6,066,336 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Carnival by 1,619.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company’s stock worth $156,740,000 after purchasing an additional 4,833,723 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Transactions at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $28.10, for a total value of $1,209,929.80. Following the completion of the transaction, the insider owned 69,238 shares of the company’s stock, valued at $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Melius Research set a $36.00 price target on Carnival in a research note on Wednesday, June 17th. BMO Capital Markets began coverage on shares of Carnival in a research note on Tuesday, July 7th. They set a “market perform” rating and a $30.00 price objective on the stock. Susquehanna raised their target price on shares of Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a report on Wednesday, June 24th. TD Cowen boosted their target price on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus increased their price target on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.99.

Carnival Price Performance

Shares of CCL stock opened at $26.62 on Thursday. The business has a fifty day simple moving average of $27.43 and a 200 day simple moving average of $28.27. The company has a market cap of $36.47 billion, a P/E ratio of 11.99, a P/E/G ratio of 1.17 and a beta of 2.32. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. Carnival Corporation has a twelve month low of $23.45 and a twelve month high of $34.03.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (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%.The business’s revenue for the quarter 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. On average, sell-side analysts forecast that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Announces Dividend

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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 7th. Carnival’s dividend payout ratio is currently 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.