Hennessy Advisors Inc. Makes New Investment in Carnival Corporation $CCL

Hennessy Advisors Inc. bought a new stake in Carnival Corporation (NYSE:CCL) in the second quarter, Holdings Channel.com reports. The institutional investor bought 45,825 shares of the company’s stock, valued at approximately $1,309,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Manning & Napier Advisors LLC purchased a new stake in Carnival in the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Carnival during the 3rd quarter valued at $25,000. Lloyd Advisory Services LLC. purchased a new position in shares of Carnival during the 4th quarter valued at $26,000. Basecamp Wealth Advisors LLC increased its stake in shares of Carnival by 107.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock worth $27,000 after acquiring an additional 542 shares during the last quarter. Finally, Axiom Investment Management LLC purchased a new stake in shares of Carnival during the second quarter worth $29,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the topic of a number of analyst reports. Melius Research set a $36.00 price objective on Carnival in a report on Wednesday, June 17th. Truist Financial increased their price target on Carnival from $29.00 to $31.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Loop Capital initiated coverage on shares of Carnival in a research note on Monday, June 1st. They issued a “buy” rating and a $36.00 price objective for the company. Tigress Financial upped their price objective on shares of Carnival from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Finally, Stifel Nicolaus raised their target price on shares of Carnival from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Carnival currently has an average rating of “Moderate Buy” and a consensus price target of $35.08.

Carnival Price Performance

Shares of Carnival stock opened at $24.80 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 company has a market cap of $33.97 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.03 and a beta of 2.35. The firm has a fifty day moving average price of $27.36 and a two-hundred day moving average price of $27.48. Carnival Corporation has a fifty-two week low of $23.45 and a fifty-two week high of $34.03.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Analysts expect that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.60 annualized dividend and a yield of 2.4%. Carnival’s dividend payout ratio is 27.03%.

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.