Teachers Retirement System of The State of Kentucky Purchases 163,880 Shares of Carnival Corporation $CCL

Teachers Retirement System of The State of Kentucky increased its position in Carnival Corporation (NYSE:CCL) by 200.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 245,446 shares of the company’s stock after acquiring an additional 163,880 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Carnival were worth $6,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swedbank AB boosted its holdings in Carnival by 10.0% in the 4th quarter. Swedbank AB now owns 519,939 shares of the company’s stock worth $15,879,000 after buying an additional 47,070 shares during the period. Vanguard Group Inc. raised its holdings in Carnival by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock valued at $3,913,190,000 after acquiring an additional 368,445 shares during the period. Nordea Investment Management AB raised its holdings in Carnival by 42.8% during the 4th quarter. Nordea Investment Management AB now owns 2,126,893 shares of the company’s stock valued at $65,487,000 after acquiring an additional 637,605 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Carnival by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,252,014 shares of the company’s stock worth $69,632,000 after acquiring an additional 109,474 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Carnival by 95.9% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 889,393 shares of the company’s stock worth $23,017,000 after acquiring an additional 435,470 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Insider Transactions at Carnival

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction that occurred 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. The trade was a 38.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.90% of the stock is currently owned by insiders.

Carnival Price Performance

NYSE:CCL opened at $26.58 on Tuesday. Carnival Corporation has a 52-week low of $23.45 and a 52-week high of $34.03. The stock has a fifty day moving average of $27.43 and a 200 day moving average of $28.33. 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 firm has a market capitalization of $36.40 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.18 and a beta of 2.32.

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. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. 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 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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 7th. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Analyst Upgrades and Downgrades

CCL has been the subject of several recent research reports. Melius Research set a $36.00 price target on Carnival in a research report on Wednesday, June 17th. HSBC upgraded Carnival from a “hold” rating to a “buy” rating and cut their target price for the stock from $33.60 to $30.10 in a research note on Monday, March 30th. Mizuho lifted their target price on Carnival from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, March 27th. UBS Group decreased their price target on Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Finally, Argus set a $35.00 price target on shares of Carnival in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.99.

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.