Sumitomo Mitsui Trust Group Inc. Has $76.90 Million Stake in Carnival Corporation $CCL

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Carnival Corporation (NYSE:CCL) by 15.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,691,493 shares of the company’s stock after purchasing an additional 364,053 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Carnival worth $76,896,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in shares of Carnival in the first quarter worth approximately $1,732,000. Swedbank AB increased its position in Carnival by 10.0% during the 4th quarter. Swedbank AB now owns 519,939 shares of the company’s stock valued at $15,879,000 after purchasing 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 worth $3,913,190,000 after purchasing an additional 368,445 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Carnival by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,252,014 shares of the company’s stock worth $69,632,000 after purchasing an additional 109,474 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Carnival by 95.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 889,393 shares of the company’s stock worth $23,017,000 after purchasing an additional 435,470 shares during the period. Institutional investors own 67.19% of the company’s stock.

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 stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the completion of the sale, the insider owned 69,238 shares of the company’s stock, valued at approximately $1,945,587.80. This trade represents a 38.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.90% of the company’s stock.

Carnival Trading Up 2.7%

CCL opened at $28.40 on Friday. Carnival Corporation has a 1-year low of $23.45 and a 1-year high of $34.03. 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 company has a market cap of $38.90 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.22 and a beta of 2.35. The company has a fifty day moving average price of $27.96 and a two-hundred day moving average price of $27.86.

Carnival (NYSE:CCL) last released its quarterly earnings data 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. The company had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Analysts predict that Carnival Corporation will post 2.23 EPS for the current fiscal year.

Carnival Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 7th will be issued a $0.15 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.1%. Carnival’s dividend payout ratio is presently 27.03%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Argus set a $35.00 target price on shares of Carnival in a research note on Friday, June 26th. Wells Fargo & Company increased their price target on Carnival from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Barclays lowered their price objective on Carnival from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, June 24th. Weiss Ratings downgraded Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Stifel Nicolaus upped their target price on Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.