Waterloo Capital L.P. Raises Stake in Carnival Corporation $CCL

Waterloo Capital L.P. grew its stake in shares of Carnival Corporation (NYSE:CCL) by 278.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,480 shares of the company’s stock after purchasing an additional 21,700 shares during the quarter. Waterloo Capital L.P.’s holdings in Carnival were worth $842,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCL. Citigroup boosted their price target on Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Sanford C. Bernstein downgraded Carnival from a “market perform” rating to a “market perform” rating in a report on Tuesday, June 23rd. Tigress Financial upped their target price on Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Melius Research set a $36.00 price target on Carnival in a research report on Wednesday, June 17th. Finally, TD Cowen raised their price target on Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Carnival presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.08.

Carnival Price Performance

NYSE CCL opened at $28.40 on Friday. 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’s 50 day moving average price is $27.96 and its 200-day moving average price is $27.86. Carnival Corporation has a 52-week low of $23.45 and a 52-week high of $34.03. The company has a market cap of $38.90 billion, a PE ratio of 12.79, a P/E/G ratio of 1.22 and a beta of 2.35.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. Carnival’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Sell-side analysts forecast that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be issued a $0.15 dividend. The ex-dividend date 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 currently 27.03%.

Insider Activity at Carnival

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.90% of the company’s stock.

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.