New Mexico Educational Retirement Board Increases Stock Holdings in Carnival Corporation $CCL

New Mexico Educational Retirement Board increased its position in Carnival Corporation (NYSE:CCL) by 42.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,417 shares of the company’s stock after acquiring an additional 20,900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Carnival were worth $2,012,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Royal London Asset Management Ltd. increased its holdings in Carnival by 0.6% during the 2nd quarter. Royal London Asset Management Ltd. now owns 825,319 shares of the company’s stock worth $23,579,000 after acquiring an additional 5,170 shares during the period. Mufg Securities Americas Inc. boosted its holdings in Carnival by 21.7% in the 2nd quarter. Mufg Securities Americas Inc. now owns 38,746 shares of the company’s stock valued at $1,107,000 after purchasing an additional 6,921 shares during the period. Van ECK Associates Corp bought a new position in Carnival in the 2nd quarter valued at $4,758,000. Nissay Asset Management Corp Japan grew its position in shares of Carnival by 18.8% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 169,555 shares of the company’s stock valued at $4,844,000 after purchasing an additional 26,791 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Carnival during the 2nd quarter valued at $15,383,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Stock Performance

NYSE:CCL opened at $24.80 on Monday. The business has a 50 day moving average of $27.36 and a 200 day moving average of $27.48. The company has a market capitalization of $33.97 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.03 and a beta of 2.35. Carnival Corporation has a 1-year low of $23.45 and a 1-year high of $34.03. 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 (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, beating 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 net margin of 11.24% and a return on equity of 26.11%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $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. On average, sell-side analysts predict that Carnival Corporation will post 2.23 earnings per share for the current fiscal year.

Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Analyst Ratings Changes

CCL has been the topic of a number of recent analyst reports. BMO Capital Markets began coverage on Carnival in a research report on Tuesday, July 7th. They issued a “market perform” rating and a $30.00 price objective on the stock. Loop Capital assumed coverage on Carnival in a research report on Monday, June 1st. They set a “buy” rating and a $36.00 target price for the company. Tigress Financial upped their target price on Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Melius Research set a $36.00 price target on Carnival in a report on Wednesday, June 17th. Finally, Weiss Ratings upgraded Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Carnival has a consensus rating of “Moderate Buy” and a consensus price target of $35.08.

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.