California Public Employees Retirement System Acquires 419,407 Shares of Carnival Corporation $CCL

California Public Employees Retirement System lifted its stake in shares of Carnival Corporation (NYSE:CCL) by 21.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,359,463 shares of the company’s stock after buying an additional 419,407 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Carnival worth $61,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CCL. CVA Family Office LLC grew its holdings in Carnival by 15.6% in the fourth quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock worth $79,000 after purchasing an additional 350 shares during the period. Net Worth Advisory Group raised its holdings in shares of Carnival by 2.9% during the fourth quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock valued at $378,000 after purchasing an additional 354 shares during the period. Triad Wealth Partners LLC raised its holdings in shares of Carnival by 2.1% during the fourth quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock valued at $533,000 after purchasing an additional 358 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of Carnival by 3.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock worth $322,000 after purchasing an additional 358 shares in the last quarter. Finally, StoneX Group Inc. boosted its position in shares of Carnival by 4.9% during the 4th quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock worth $242,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CCL shares. Freedom Capital raised Carnival to a “strong-buy” rating in a research report on Wednesday, June 3rd. Argus set a $35.00 price target on Carnival in a report on Friday, June 26th. Loop Capital initiated coverage on Carnival in a research note on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective for the company. Susquehanna boosted their price objective on Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a report on Wednesday, June 24th. Finally, Truist Financial decreased their price objective on Carnival from $30.00 to $29.00 and set a “hold” rating for the company in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.99.

Insider Buying and Selling at Carnival

In other 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 transaction, the insider owned 69,238 shares in the company, valued at $1,945,587.80. This trade represents a 38.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.90% of the stock is owned by corporate insiders.

Carnival Trading Down 0.1%

NYSE:CCL opened at $26.39 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 50-day moving average of $27.42 and a 200-day moving average of $28.21. The company has a market cap of $36.14 billion, a PE ratio of 11.89, a PEG 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.

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

Carnival Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. Carnival’s dividend payout ratio 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.