Carnival Corporation $CCL Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in shares of Carnival Corporation (NYSE:CCL) by 75.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,592 shares of the company’s stock after purchasing an additional 82,328 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Carnival were worth $5,474,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCL. Manning & Napier Advisors LLC purchased a new position in Carnival in the second quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Carnival during the 3rd quarter worth $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Carnival during the 4th quarter worth $26,000. Axiom Investment Management LLC acquired a new stake in shares of Carnival during the 2nd quarter worth about $29,000. Finally, Ancora Advisors LLC purchased a new stake in Carnival in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Trading Down 1.1%

NYSE:CCL opened at $23.47 on Friday. Carnival Corporation has a 1 year low of $23.08 and a 1 year high of $34.03. The stock has a market cap of $32.15 billion, a P/E ratio of 10.57, a P/E/G ratio of 1.03 and a beta of 2.31. 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 stock has a 50-day simple moving average of $26.92 and a 200-day simple moving average of $27.22.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, June 23rd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company 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. As a group, analysts anticipate that Carnival Corporation will post 2.23 earnings per share for the current fiscal year.

Carnival Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, August 7th. Carnival’s dividend payout ratio (DPR) is currently 27.03%.

Analyst Ratings Changes

Several brokerages have weighed in on CCL. Stifel Nicolaus increased their target price on shares of Carnival from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, June 12th. Citigroup increased their price objective on shares of Carnival from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Truist Financial boosted their target price on Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Susquehanna boosted their price target on shares of Carnival from $30.00 to $33.00 and gave the stock a “positive” rating in a research note on Wednesday, June 24th. Finally, TD Cowen raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Carnival has a consensus rating of “Moderate Buy” and a consensus target price of $35.08.

Carnival 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.