166,545 Shares in Carnival Corporation $CCL Purchased by Van ECK Associates Corp

Van ECK Associates Corp purchased a new stake in shares of Carnival Corporation (NYSE:CCL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 166,545 shares of the company’s stock, valued at approximately $4,758,000.

Other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC acquired a new stake in shares of Carnival in the 2nd quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in Carnival during the third quarter worth $25,000. Lloyd Advisory Services LLC. bought a new stake in Carnival during the fourth quarter worth $26,000. Axiom Investment Management LLC bought a new stake in Carnival during the second quarter worth $29,000. Finally, Ancora Advisors LLC acquired a new stake in Carnival in the second quarter valued at $29,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Performance

Shares of CCL stock opened at $23.70 on Thursday. Carnival Corporation has a 52 week low of $23.08 and a 52 week high of $34.03. The company has a market capitalization of $32.47 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.00 and a beta of 2.31. The company has a 50-day simple moving average of $27.02 and a 200 day simple moving average of $27.28. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The firm had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period last year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. 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 year.

Carnival Dividend Announcement

The company also recently declared 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. This represents a $0.60 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, August 7th. Carnival’s dividend payout ratio (DPR) is presently 27.03%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCL. Weiss Ratings raised shares of Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Argus set a $35.00 target price on shares of Carnival in a report on Friday, June 26th. Stifel Nicolaus raised their target price on shares of Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Tigress Financial lifted their price target on Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Finally, TD Cowen upped their price objective on Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.