Raleigh Capital Management Inc. Makes New Investment in Carnival Corporation $CCL

Raleigh Capital Management Inc. acquired a new stake in shares of Carnival Corporation (NYSE:CCL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,134 shares of the company’s stock, valued at approximately $495,000.

Other large investors have also modified their holdings of the company. State of Michigan Retirement System lifted its holdings in shares of Carnival by 9.9% during the second quarter. State of Michigan Retirement System now owns 312,244 shares of the company’s stock worth $8,780,000 after buying an additional 28,000 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in Carnival during the 2nd quarter valued at $37,880,000. Oppenheimer Asset Management Inc. boosted its holdings in Carnival by 30.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 100,983 shares of the company’s stock valued at $2,840,000 after purchasing an additional 23,866 shares during the period. National Pension Service grew its position in Carnival by 10.8% in the 3rd quarter. National Pension Service now owns 2,795,560 shares of the company’s stock worth $80,820,000 after purchasing an additional 272,452 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of Carnival during the 2nd quarter worth about $734,000. 67.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of Carnival from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Truist Financial raised their price objective on Carnival from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Thursday, January 22nd. The Goldman Sachs Group restated a “buy” rating and set a $34.00 price objective on shares of Carnival in a research report on Monday, December 22nd. Zacks Research upgraded Carnival from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Argus reiterated a “buy” rating and set a $35.00 price target on shares of Carnival in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.00.

Carnival Price Performance

Shares of CCL stock opened at $32.42 on Tuesday. The stock’s fifty day simple moving average is $29.05 and its 200 day simple moving average is $29.22. Carnival Corporation has a one year low of $15.07 and a one year high of $32.89. The firm has a market cap of $37.86 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.09 and a beta of 2.51. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.32 and a quick ratio of 0.28.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Friday, December 19th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The company had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.38 billion. During the same period last year, the business earned $0.14 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. On average, analysts expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Carnival Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, February 13th. Carnival’s dividend payout ratio is currently 30.00%.

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.