California Public Employees Retirement System Purchases 419,407 Shares of Carnival Corporation $CCL

California Public Employees Retirement System increased its position in shares of Carnival Corporation (NYSE:CCL) by 21.6% during the 1st quarter, Holdings Channel reports. The firm owned 2,359,463 shares of the company’s stock after purchasing an additional 419,407 shares during the quarter. California Public Employees Retirement System’s holdings in Carnival were worth $61,063,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. BOCHK Asset Management Ltd purchased a new stake in Carnival in the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Carnival during the 3rd quarter worth approximately $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Carnival in the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock worth $29,000 after buying an additional 762 shares during the last quarter. Finally, Optima Capital LLC bought a new position in shares of Carnival in the fourth quarter valued at approximately $32,000. 67.19% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’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 $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Susquehanna increased their price target on Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Wednesday, June 24th. Zacks Research raised Carnival from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Tigress Financial upped their price objective on Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. HSBC raised Carnival from a “hold” rating to a “buy” rating and decreased their target price for the company from $33.60 to $30.10 in a research report on Monday, March 30th. Finally, BMO Capital Markets started coverage on Carnival in a research note on Tuesday, July 7th. They set a “market perform” rating and a $30.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Carnival presently has an average rating of “Moderate Buy” and a consensus price target of $34.99.

Carnival Stock Down 0.1%

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

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. Carnival’s 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, equities analysts predict that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. Carnival’s payout ratio is presently 27.03%.

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.