Bank of New York Mellon Corp Raises Holdings in Carnival Corporation $CCL

Bank of New York Mellon Corp increased its stake in shares of Carnival Corporation (NYSE:CCL) by 5.2% during the 1st quarter, Holdings Channel reports. The fund owned 5,608,651 shares of the company’s stock after purchasing an additional 278,758 shares during the quarter. Bank of New York Mellon Corp’s holdings in Carnival were worth $145,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Carnival by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 128,133,282 shares of the company’s stock worth $3,913,190,000 after purchasing an additional 368,445 shares in the last quarter. State Street Corp lifted its stake in shares of Carnival by 1.5% in the 4th quarter. State Street Corp now owns 48,074,173 shares of the company’s stock valued at $1,468,185,000 after purchasing an additional 704,433 shares during the period. Geode Capital Management LLC lifted its stake in shares of Carnival by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 29,450,412 shares of the company’s stock valued at $896,104,000 after purchasing an additional 683,311 shares during the period. Nuveen LLC boosted its holdings in Carnival by 1.4% during the fourth quarter. Nuveen LLC now owns 26,729,524 shares of the company’s stock worth $816,320,000 after buying an additional 364,529 shares in the last quarter. Finally, Auto Owners Insurance Co boosted its holdings in Carnival by 2,954.0% during the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock worth $60,625,000 after buying an additional 19,201,000 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $28.10, for a total transaction of $1,209,929.80. Following the transaction, the insider owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. The trade was a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CCL. Freedom Capital raised shares of Carnival to a “strong-buy” rating in a report on Wednesday, June 3rd. Sanford C. Bernstein lowered shares of Carnival from a “market perform” rating to a “market perform” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded Carnival from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. UBS Group cut their price target on Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Finally, Tigress Financial upped 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. One equities 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.99.

Carnival Stock Performance

CCL opened at $26.39 on Monday. Carnival Corporation has a twelve month low of $23.45 and a twelve month high of $34.03. The firm has a market capitalization of $36.14 billion, a PE ratio of 11.89, a PEG ratio of 1.16 and a beta of 2.32. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The firm’s 50-day moving average price is $27.42 and its 200 day moving average price is $28.21.

Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The company had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. Carnival’s quarterly revenue was up 5.3% on a year-over-year basis. 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, sell-side 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 will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. Carnival’s dividend payout ratio (DPR) is presently 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.