Pier 88 Investment Partners LLC Buys Shares of 103,500 Carnival Corporation $CCL

Pier 88 Investment Partners LLC acquired a new stake in shares of Carnival Corporation (NYSE:CCL) in the third quarter, HoldingsChannel reports. The institutional investor acquired 103,500 shares of the company’s stock, valued at approximately $2,992,000.

Other institutional investors have also recently modified their holdings of the company. REAP Financial Group LLC raised its position in shares of Carnival by 10.5% in the 2nd quarter. REAP Financial Group LLC now owns 3,678 shares of the company’s stock worth $103,000 after purchasing an additional 349 shares during the last quarter. Eagle Wealth Strategies LLC lifted its stake in shares of Carnival by 1.4% in the second quarter. Eagle Wealth Strategies LLC now owns 25,967 shares of the company’s stock worth $730,000 after buying an additional 369 shares in the last quarter. Commonwealth Financial Services LLC grew its holdings in shares of Carnival by 3.6% during the third quarter. Commonwealth Financial Services LLC now owns 10,957 shares of the company’s stock valued at $317,000 after buying an additional 379 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Carnival by 0.3% in the 3rd quarter. CIBC Asset Management Inc now owns 147,728 shares of the company’s stock worth $4,271,000 after acquiring an additional 398 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in Carnival by 3.1% during the 2nd quarter. Greenleaf Trust now owns 14,547 shares of the company’s stock valued at $409,000 after purchasing an additional 443 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCL has been the subject of a number of recent analyst reports. UBS Group boosted their target price on Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Tigress Financial increased their target price on Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Wolfe Research reaffirmed an “outperform” rating on shares of Carnival in a research report on Friday, December 19th. Sanford C. Bernstein upped their target price on shares of Carnival from $26.00 to $33.00 and gave the company a “market perform” rating in a report on Tuesday, January 6th. Finally, Citigroup upped their price objective on Carnival from $36.00 to $39.00 and gave the stock a “buy” rating 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. According to MarketBeat, Carnival currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Carnival Stock Performance

NYSE CCL opened at $28.70 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 1.96. Carnival Corporation has a twelve month low of $15.07 and a twelve month high of $32.89. The business has a 50-day moving average price of $28.60 and a 200-day moving average price of $29.18. The firm has a market cap of $33.51 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.04 and a beta of 2.51.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Friday, December 19th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.09. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. As a group, equities research analysts predict that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 13th.

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.