Saudi Central Bank Buys 48,415 Shares of Carnival Corporation $CCL

Saudi Central Bank lifted its stake in shares of Carnival Corporation (NYSE:CCL) by 117.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 89,493 shares of the company’s stock after buying an additional 48,415 shares during the quarter. Saudi Central Bank’s holdings in Carnival were worth $2,557,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. William John Sempolinski bought a new position in Carnival during the second quarter valued at $883,000. TD Waterhouse Canada Inc. increased its position in Carnival by 18.2% in the second quarter. TD Waterhouse Canada Inc. now owns 32,849 shares of the company’s stock worth $937,000 after buying an additional 5,048 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Carnival by 3.5% in the second quarter. Concurrent Investment Advisors LLC now owns 330,491 shares of the company’s stock valued at $9,442,000 after buying an additional 11,223 shares during the period. NEOS Investment Management LLC lifted its position in shares of Carnival by 17.3% during the 2nd quarter. NEOS Investment Management LLC now owns 206,213 shares of the company’s stock valued at $5,892,000 after buying an additional 30,482 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new position in shares of Carnival during the 2nd quarter valued at $209,000. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

CCL has been the subject of several recent research reports. Loop Capital assumed coverage on Carnival in a report on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective for the company. BMO Capital Markets initiated coverage on shares of Carnival in a research report on Tuesday, July 7th. They issued a “market perform” rating and a $30.00 price target on the stock. TD Cowen upped their price target 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. Melius Research set a $36.00 price objective on shares of Carnival in a report on Wednesday, June 17th. Finally, Argus set a $35.00 price objective on shares of Carnival in a research note on Friday, June 26th. One investment 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.08.

Carnival Price Performance

NYSE:CCL opened at $23.52 on Tuesday. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.02 and a beta of 2.31. Carnival Corporation has a 52-week low of $23.08 and a 52-week high of $34.03. The stock has a fifty day moving average of $26.70 and a 200 day moving average of $27.10. 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 announced its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share 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 analyst estimates of $6.69 billion. During the same period in the prior year, the company earned $0.35 EPS. The company’s quarterly revenue 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, research analysts expect that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 7th. Carnival’s dividend payout ratio is 27.03%.

Carnival Company 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.