Lido Advisors LLC Buys 58,383 Shares of Carnival Corporation $CCL

Lido Advisors LLC increased its stake in shares of Carnival Corporation (NYSE:CCL) by 99.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,003 shares of the company’s stock after purchasing an additional 58,383 shares during the period. Lido Advisors LLC’s holdings in Carnival were worth $3,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCL. BOCHK Asset Management Ltd purchased a new stake in Carnival in the fourth quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Carnival during the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Carnival during the 4th quarter valued at $26,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock worth $29,000 after buying an additional 762 shares during the last quarter. Finally, Optima Capital LLC purchased a new position in shares of Carnival in the 4th quarter worth $32,000. Institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BMO Capital Markets began coverage on Carnival in a research report on Tuesday, July 7th. They set a “market perform” rating and a $30.00 price objective for the company. Melius Research set a $36.00 target price on Carnival in a research report on Wednesday, June 17th. Truist Financial upped their price target on shares of Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday. Loop Capital began coverage on shares of Carnival in a research note on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Susquehanna boosted their target price 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 have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.08.

Insider Buying and Selling

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction that occurred on 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 transaction, the insider owned 69,238 shares of the company’s stock, valued at $1,945,587.80. The trade was a 38.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.90% of the company’s stock.

Carnival Stock Performance

NYSE:CCL opened at $26.36 on Friday. The stock has a 50-day simple moving average of $27.52 and a two-hundred day simple moving average of $28.06. 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 firm has a market capitalization of $36.10 billion, a PE ratio of 11.87, a P/E/G ratio of 1.16 and a beta of 2.32.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Analysts forecast that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 7th. Carnival’s dividend 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.