Delta Global Management LP Acquires New Position in Carnival Corporation $CCL

Delta Global Management LP purchased a new stake in Carnival Corporation (NYSE:CCL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 51,923 shares of the company’s stock, valued at approximately $1,344,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BOCHK Asset Management Ltd bought a new stake in shares of Carnival during the 4th quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Carnival in the third quarter valued at approximately $25,000. Lloyd Advisory Services LLC. bought a new position in shares of Carnival during the fourth quarter valued at about $26,000. Newbridge Financial Services Group Inc. boosted its position in Carnival by 381.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock worth $29,000 after purchasing an additional 762 shares during the last quarter. Finally, Optima Capital LLC purchased a new stake in shares of Carnival during the 4th quarter worth approximately $32,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Trading Up 0.1%

NYSE:CCL opened at $26.36 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.33 and a quick ratio of 0.29. The firm has a market capitalization of $36.10 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 1.16 and a beta of 2.32. Carnival Corporation has a one year low of $23.45 and a one year high of $34.03. The business has a fifty day moving average price of $27.52 and a 200-day moving average price of $28.04.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the previous year, the business earned $0.35 earnings per share. Carnival’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. Sell-side analysts forecast that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

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 paid 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 dividend yield of 2.3%. Carnival’s payout ratio is 27.03%.

Insider Transactions at Carnival

In other Carnival news, insider Bettina Alejandra Deynes sold 43,058 shares of the firm’s 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 sale, the insider owned 69,238 shares in the company, valued at approximately $1,945,587.80. This trade represents a 38.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCL. Sanford C. Bernstein cut shares of Carnival from a “market perform” rating to a “market perform” rating in a research note on Tuesday, June 23rd. Susquehanna boosted their price objective on shares of Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. TD Cowen raised their price objective on Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Argus set a $35.00 target price 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 given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Carnival currently has an average rating of “Moderate Buy” and a consensus target price of $35.08.

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.