Convergence Investment Partners LLC Takes Position in Carnival Corporation $CCL

Convergence Investment Partners LLC purchased a new stake in Carnival Corporation (NYSE:CCL) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 61,901 shares of the company’s stock, valued at approximately $1,602,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Carnival by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 112,167 shares of the company’s stock valued at $2,191,000 after purchasing an additional 5,435 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of Carnival in the 1st quarter worth approximately $228,000. Empowered Funds LLC boosted its holdings in shares of Carnival by 61.6% in the 1st quarter. Empowered Funds LLC now owns 30,437 shares of the company’s stock worth $594,000 after purchasing an additional 11,601 shares during the period. Woodline Partners LP increased its position in shares of Carnival by 41.9% during the 1st quarter. Woodline Partners LP now owns 88,522 shares of the company’s stock valued at $1,729,000 after purchasing an additional 26,141 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Carnival by 57.0% during the 2nd quarter. Baird Financial Group Inc. now owns 64,720 shares of the company’s stock valued at $1,820,000 after purchasing an additional 23,484 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Activity

In other news, insider Bettina Alejandra Deynes sold 43,058 shares of the business’s stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 7.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings downgraded Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. TD Cowen boosted their price objective on shares of Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Tigress Financial increased their target price on shares of Carnival from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Freedom Capital raised shares of Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus raised their target price on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, June 12th. 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. According to MarketBeat, Carnival has a consensus rating of “Moderate Buy” and a consensus target price of $34.99.

Carnival Trading Up 0.3%

Shares of NYSE CCL opened at $26.13 on Wednesday. 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 price is $27.46 and its 200-day moving average price is $28.15. Carnival Corporation has a fifty-two week low of $23.45 and a fifty-two week high of $34.03. The company has a market cap of $35.79 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.15 and a beta of 2.32.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period last year, the company earned $0.35 EPS. 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. On average, sell-side analysts expect 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 will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 7th. Carnival’s dividend payout ratio (DPR) is 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.