Sciencast Management LP Invests $552,000 in Carnival Corporation $CCL

Sciencast Management LP acquired a new stake in Carnival Corporation (NYSE:CCL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,315 shares of the company’s stock, valued at approximately $552,000.

Other hedge funds have also made changes to their positions in the company. Commerzbank Aktiengesellschaft FI raised its holdings in Carnival by 3.5% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock worth $322,000 after purchasing an additional 358 shares in the last quarter. StoneX Group Inc. boosted its stake in Carnival by 4.9% during the 4th quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock valued at $242,000 after purchasing an additional 368 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Carnival by 1.9% during the 3rd quarter. Brooklyn Investment Group now owns 21,363 shares of the company’s stock valued at $618,000 after purchasing an additional 396 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in shares of Carnival by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 33,540 shares of the company’s stock valued at $1,024,000 after purchasing an additional 408 shares during the period. Finally, Orion Porfolio Solutions LLC raised its stake in shares of Carnival by 3.9% in the 4th quarter. Orion Porfolio Solutions LLC now owns 11,816 shares of the company’s stock worth $361,000 after buying an additional 446 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CCL. Argus set a $35.00 price objective on Carnival in a report on Friday, June 26th. Melius Research set a $36.00 target price on Carnival in a report on Wednesday, June 17th. Truist Financial boosted their price target on shares of Carnival from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Barclays cut their price target on shares of Carnival from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Wednesday, June 24th. Finally, Weiss Ratings lowered shares of Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Carnival presently has an average rating of “Moderate Buy” and a consensus target price of $35.08.

Carnival Price Performance

Shares of NYSE:CCL opened at $28.40 on Friday. The company has a market capitalization of $38.90 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.22 and a beta of 2.35. 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 stock has a fifty day moving average of $27.96 and a 200-day moving average of $27.86. Carnival Corporation has a one year low of $23.45 and a one year high of $34.03.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The business 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 company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm 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, equities analysts anticipate that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.1%. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Insiders Place Their Bets

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction dated 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 sale, the insider owned 69,238 shares in the company, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.