381,100 Shares in Carnival Corporation $CCL Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Carnival Corporation (NYSE:CCL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 381,100 shares of the company’s stock, valued at approximately $10,888,000.

Other large investors have also bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new stake in shares of Carnival during the second quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in Carnival in the 3rd quarter valued at approximately $25,000. Lloyd Advisory Services LLC. bought a new position in Carnival in the 4th quarter valued at approximately $26,000. Basecamp Wealth Advisors LLC boosted its stake in Carnival by 107.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock valued at $27,000 after purchasing an additional 542 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new stake in shares of Carnival in the 2nd quarter worth $29,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Stock Down 1.3%

CCL stock opened at $23.20 on Wednesday. The company has a market cap of $31.77 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 1.02 and a beta of 2.31. 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 business’s 50-day moving average is $26.59 and its two-hundred day moving average is $27.04. Carnival Corporation has a fifty-two week low of $23.08 and a fifty-two week high of $34.03.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the previous year, the company posted $0.35 EPS. The business’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. As a group, analysts forecast that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 7th. Carnival’s dividend payout ratio is currently 27.03%.

Analysts Set New Price Targets

CCL has been the subject of several recent analyst reports. Loop Capital began coverage on Carnival in a research note on Monday, June 1st. They issued a “buy” rating and a $36.00 price target for the company. Weiss Ratings upgraded Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 27th. BMO Capital Markets began coverage on shares of Carnival in a report on Tuesday, July 7th. They set a “market perform” rating and a $30.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Finally, Barclays decreased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.08.

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.