Pinnbrook Capital Management LP Sells 156,692 Shares of Carnival Corporation $CCL

Pinnbrook Capital Management LP lessened its stake in shares of Carnival Corporation (NYSE:CCL) by 32.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 319,796 shares of the company’s stock after selling 156,692 shares during the period. Carnival comprises 1.4% of Pinnbrook Capital Management LP’s investment portfolio, making the stock its 21st largest position. Pinnbrook Capital Management LP’s holdings in Carnival were worth $9,767,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BOCHK Asset Management Ltd bought a new position in shares of Carnival in the 4th quarter valued at $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Carnival in the 3rd quarter valued at $25,000. Newbridge Financial Services Group Inc. increased its stake in shares of Carnival by 381.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 962 shares of the company’s stock valued at $29,000 after purchasing an additional 762 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Carnival by 182.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,021 shares of the company’s stock valued at $30,000 after purchasing an additional 659 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of Carnival in the 3rd quarter valued at $30,000. Institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 11,988 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total value of $313,965.72. Following the completion of the sale, the director directly owned 52,601 shares of the company’s stock, valued at $1,377,620.19. The trade was a 18.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 12,000 shares of company stock valued at $314,265. Insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CCL shares. TD Cowen lifted their price target on Carnival from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, May 15th. UBS Group decreased their price target on Carnival from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Mizuho lifted their price target on Carnival from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. HSBC upgraded Carnival from a “hold” rating to a “buy” rating and decreased their price target for the company from $33.60 to $30.10 in a research note on Monday, March 30th. Finally, Barclays decreased their price target on Carnival from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Nineteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.18.

Carnival News Summary

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Lower global oil prices are helping Carnival, since fuel is a major operating cost for cruise lines and cheaper oil can support margins. Why Carnival Stock Is Cruising Higher On Wednesday?
• Positive Sentiment: Zacks Research raised its FY2027 and FY2028 earnings estimates for Carnival, signaling modestly better long-term profit expectations even though the firm kept a Hold rating.
• Positive Sentiment: Carnival announced its first surplus meal donation in Latin America, expanding its “Less Left Over” food-waste reduction program to 18 port destinations worldwide. This supports the company’s sustainability profile and community relations. Carnival Corporation Marks First Meal Donation in Latin America
• Neutral Sentiment: Holland America Line opened bookings for its 2028 Grand Voyages, which adds visibility to future demand but is not an immediate financial catalyst. Holland America Line Opens Bookings for 2028 Grand Voyages
• Negative Sentiment: Broader market selling in consumer discretionary stocks, driven by inflation worries and concerns about slowing demand, is weighing on Carnival and other travel names. Carnival and United Airlines Shares Plummet, What You Need To Know

Carnival Stock Up 0.5%

Shares of NYSE:CCL opened at $26.17 on Friday. The company has a market capitalization of $32.42 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.16 and a beta of 2.33. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.30 and a quick ratio of 0.26. The business’s 50-day moving average is $26.06 and its 200-day moving average is $28.03. Carnival Corporation has a 1 year low of $21.62 and a 1 year high of $34.03.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Equities research analysts predict that Carnival Corporation will post 2.21 earnings per share for the current year.

Carnival Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, May 18th. Carnival’s payout ratio is presently 26.67%.

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.