Sumitomo Mitsui Trust Group Inc. Acquires 364,053 Shares of Carnival Corporation $CCL

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Carnival Corporation (NYSE:CCL) by 15.6% in the second quarter, Holdings Channel reports. The institutional investor owned 2,691,493 shares of the company’s stock after acquiring an additional 364,053 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Carnival were worth $76,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCL. Diversify Wealth Management LLC lifted its position in Carnival by 58.6% in the 2nd quarter. Diversify Wealth Management LLC now owns 63,648 shares of the company’s stock valued at $1,726,000 after acquiring an additional 23,524 shares in the last quarter. Catalyst Financial Partners LLC bought a new stake in Carnival during the 2nd quarter worth approximately $211,000. Waterloo Capital L.P. increased its holdings in Carnival by 278.9% during the 2nd quarter. Waterloo Capital L.P. now owns 29,480 shares of the company’s stock worth $842,000 after purchasing an additional 21,700 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Carnival in the second quarter worth approximately $197,000. Finally, Swiss Life Asset Management Ltd raised its stake in shares of Carnival by 107.2% in the second quarter. Swiss Life Asset Management Ltd now owns 264,191 shares of the company’s stock worth $7,548,000 after purchasing an additional 136,675 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Stock Up 2.7%

CCL stock opened at $28.40 on Friday. 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 company has a market capitalization of $38.90 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.22 and a beta of 2.35. Carnival Corporation has a fifty-two week low of $23.45 and a fifty-two week high of $34.03. The stock has a fifty day moving average of $27.96 and a 200-day moving average of $27.86.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous 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 predict that Carnival Corporation will post 2.23 earnings per share for the current year.

Carnival Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be given 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 2.1%. Carnival’s payout ratio is 27.03%.

Insider Activity at Carnival

In related news, insider Bettina Alejandra Deynes sold 43,058 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 69,238 shares in the company, valued at approximately $1,945,587.80. This represents a 38.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CCL shares. BMO Capital Markets assumed coverage on Carnival in a research report on Tuesday, July 7th. They set a “market perform” rating and a $30.00 target price on the stock. Citigroup increased their price target on Carnival from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Tigress Financial raised their price objective on 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 report on Wednesday, June 3rd. Finally, Wells Fargo & Company upped their target price on shares of Carnival from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. One research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.08.

Carnival Company 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.