Daiwa Securities Group Inc. Boosts Stake in Carnival Corporation $CCL

Daiwa Securities Group Inc. lifted its stake in shares of Carnival Corporation (NYSE:CCL) by 19.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 231,715 shares of the company’s stock after acquiring an additional 38,494 shares during the period. Daiwa Securities Group Inc.’s holdings in Carnival were worth $6,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCL. Measured Wealth Private Client Group LLC purchased a new stake in Carnival during the third quarter valued at about $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Carnival in the 4th quarter worth about $26,000. Basecamp Wealth Advisors LLC boosted its holdings in shares of Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock worth $27,000 after purchasing an additional 542 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of Carnival during the 2nd quarter valued at about $29,000. Finally, Motiv8 Investments LLC purchased a new position in shares of Carnival during the 4th quarter valued at about $32,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 69,238 shares in the company, valued at $1,945,587.80. This represents a 38.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 7.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CCL shares. Weiss Ratings downgraded Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. BMO Capital Markets assumed coverage on shares of Carnival in a research note on Tuesday, July 7th. They set a “market perform” rating and a $30.00 price target on the stock. Tigress Financial boosted their price objective on shares of Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. TD Cowen upped their price objective on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Loop Capital began coverage on shares of Carnival in a report on Monday, June 1st. They set a “buy” rating and a $36.00 target price on the stock. One 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.08.

Carnival Trading Down 1.0%

Shares of CCL stock opened at $28.14 on Friday. The business has a 50-day moving average of $27.98 and a 200 day moving average of $27.86. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. Carnival Corporation has a 1-year low of $23.45 and a 1-year high of $34.03. The stock has a market capitalization of $38.54 billion, a PE ratio of 12.67, a P/E/G ratio of 1.25 and a beta of 2.35.

Carnival (NYSE:CCL) last announced 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 for the quarter, compared to analysts’ expectations of $6.69 billion. During the same period in the previous year, the firm earned $0.35 EPS. 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. As a group, sell-side analysts anticipate that Carnival Corporation will post 2.23 earnings per share 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, August 7th. Carnival’s payout ratio is presently 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.