Coastal Bridge Advisors LLC Decreases Stake in Carnival Corporation $CCL

Coastal Bridge Advisors LLC cut its holdings in shares of Carnival Corporation (NYSE:CCL) by 11.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,940 shares of the company’s stock after selling 17,686 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Carnival were worth $4,103,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in shares of Carnival during the 2nd quarter worth approximately $25,000. Whipplewood Advisors LLC lifted its position in Carnival by 301.0% during the second quarter. Whipplewood Advisors LLC now owns 1,560 shares of the company’s stock worth $44,000 after buying an additional 1,171 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Carnival by 140.6% during the third quarter. Farmers & Merchants Investments Inc. now owns 1,516 shares of the company’s stock worth $44,000 after buying an additional 886 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in Carnival by 170.5% during the third quarter. Cullen Frost Bankers Inc. now owns 1,934 shares of the company’s stock worth $56,000 after buying an additional 1,219 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in Carnival by 193.4% in the 3rd quarter. True Wealth Design LLC now owns 2,030 shares of the company’s stock valued at $59,000 after buying an additional 1,338 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CCL. Truist Financial boosted their price target on shares of Carnival from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Argus reiterated a “buy” rating and issued a $35.00 target price on shares of Carnival in a report on Monday, December 22nd. Sanford C. Bernstein increased their price target on shares of Carnival from $26.00 to $33.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Morgan Stanley set a $33.00 price target on shares of Carnival in a research report on Wednesday, January 7th. Finally, Wall Street Zen lowered Carnival from a “buy” rating to a “hold” rating in a research report on Saturday, October 4th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Carnival currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Carnival Stock Performance

Shares of CCL stock opened at $28.70 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32. The firm has a market cap of $33.51 billion, a P/E ratio of 14.35, a P/E/G ratio of 1.05 and a beta of 2.51. The firm’s 50 day moving average price is $28.71 and its 200-day moving average price is $29.18. Carnival Corporation has a one year low of $15.07 and a one year high of $32.89.

Carnival (NYSE:CCL) last announced its earnings results on Friday, December 19th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.09. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The company had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm’s quarterly revenue 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 year.

Carnival Announces Dividend

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