Carnival Corporation $CCL Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC grew its holdings in shares of Carnival Corporation (NYSE:CCL) by 7.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 297,035 shares of the company’s stock after purchasing an additional 19,431 shares during the period. Moran Wealth Management LLC’s holdings in Carnival were worth $7,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. PFG Investments LLC raised its holdings in shares of Carnival by 12.6% in the 1st quarter. PFG Investments LLC now owns 12,824 shares of the company’s stock worth $332,000 after purchasing an additional 1,437 shares in the last quarter. 4WEALTH Advisors Inc. boosted its holdings in Carnival by 5.9% during the first quarter. 4WEALTH Advisors Inc. now owns 11,617 shares of the company’s stock worth $278,000 after buying an additional 643 shares in the last quarter. New York State Teachers Retirement System grew its position in Carnival by 1.1% in the first quarter. New York State Teachers Retirement System now owns 985,474 shares of the company’s stock worth $25,504,000 after buying an additional 10,492 shares during the last quarter. Private Advisor Group LLC grew its position in Carnival by 12.6% in the first quarter. Private Advisor Group LLC now owns 92,224 shares of the company’s stock worth $2,387,000 after buying an additional 10,305 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Carnival by 1,022.0% in the first quarter. Y Intercept Hong Kong Ltd now owns 318,525 shares of the company’s stock valued at $8,243,000 after buying an additional 290,136 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCL. Susquehanna increased their price objective on Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Wednesday, June 24th. Sanford C. Bernstein cut Carnival from a “market perform” rating to a “market perform” rating in a report on Tuesday, June 23rd. Argus set a $35.00 target price on Carnival in a research report on Friday, June 26th. The Goldman Sachs Group reduced their target price on Carnival from $34.00 to $30.00 and set a “buy” rating for the company in a report on Wednesday, March 11th. Finally, Barclays decreased their price target on Carnival from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.23.

Insiders Place Their Bets

In related 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 transaction, the insider directly owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.90% of the company’s stock.

Carnival Stock Up 0.2%

Shares of NYSE:CCL opened at $27.95 on Friday. The firm has a 50 day simple moving average of $27.41 and a 200 day simple moving average of $28.47. Carnival Corporation has a 52 week low of $23.45 and a 52 week 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 cap of $38.29 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 1.23 and a beta of 2.32.

Carnival (NYSE:CCL) last posted its quarterly earnings data 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. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same period in the previous year, the company posted $0.35 EPS. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. 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 expect that Carnival Corporation will post 2.22 earnings per share for the current year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.1%. Carnival’s payout ratio is currently 27.03%.

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.