New Mexico Educational Retirement Board Grows Stock Position in Carnival Corporation $CCL

New Mexico Educational Retirement Board boosted its stake in shares of Carnival Corporation (NYSE:CCL) by 42.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,417 shares of the company’s stock after acquiring an additional 20,900 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Carnival were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CCL. Auto Owners Insurance Co lifted its position in Carnival by 2,954.0% in the fourth quarter. Auto Owners Insurance Co now owns 19,851,000 shares of the company’s stock valued at $60,625,000 after purchasing an additional 19,201,000 shares during the last quarter. Viking Global Investors LP purchased a new stake in shares of Carnival during the fourth quarter valued at approximately $429,448,000. Pacer Advisors Inc. grew its holdings in shares of Carnival by 2,432.8% in the fourth quarter. Pacer Advisors Inc. now owns 6,689,954 shares of the company’s stock worth $204,311,000 after purchasing an additional 6,425,822 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Carnival by 99.6% in the third quarter. Wellington Management Group LLP now owns 12,159,619 shares of the company’s stock worth $351,535,000 after purchasing an additional 6,066,336 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Carnival by 1,619.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,132,270 shares of the company’s stock worth $156,740,000 after buying an additional 4,833,723 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Trading Up 0.2%

Shares of CCL opened at $24.80 on Monday. Carnival Corporation has a 1-year low of $23.45 and a 1-year high of $34.03. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.80. The firm’s 50-day moving average price is $27.36 and its 200-day moving average price is $27.48. The firm has a market capitalization of $33.97 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 1.03 and a beta of 2.35.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. Carnival had a net margin of 11.24% and a return on equity of 26.11%. Carnival’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. Sell-side analysts anticipate that Carnival Corporation will post 2.23 EPS for the current year.

Carnival Dividend Announcement

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

Analyst Ratings Changes

CCL has been the topic of a number of analyst reports. Zacks Research upgraded shares of Carnival from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Melius Research set a $36.00 target price on Carnival in a research note on Wednesday, June 17th. Argus set a $35.00 price target on Carnival in a report on Friday, June 26th. Susquehanna upped their price target on Carnival from $30.00 to $33.00 and gave the company a “positive” rating in a research report on Wednesday, June 24th. Finally, Weiss Ratings upgraded Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. One 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 company’s stock. According to MarketBeat, the company 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.