Primecap Management Co. CA Sells 66,763 Shares of Carnival Corporation $CCL

Primecap Management Co. CA cut its holdings in shares of Carnival Corporation (NYSE:CCL) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,834,987 shares of the company’s stock after selling 66,763 shares during the period. Primecap Management Co. CA owned 0.50% of Carnival worth $164,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CCL. N.E.W. Advisory Services LLC acquired a new position in Carnival in the 1st quarter worth $25,000. Oliver Lagore Vanvalin Investment Group bought a new position in Carnival in the second quarter valued at approximately $28,000. Banque Transatlantique SA acquired a new position in shares of Carnival during the 1st quarter worth approximately $33,000. Zions Bancorporation National Association UT acquired a new position in shares of Carnival during the 1st quarter worth approximately $35,000. Finally, Wealthquest Corp bought a new stake in shares of Carnival during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Price Performance

CCL opened at $26.08 on Thursday. Carnival Corporation has a fifty-two week low of $15.07 and a fifty-two week high of $32.80. The firm has a 50-day moving average of $28.74 and a 200 day moving average of $27.66. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.30 and a current ratio of 0.34. The firm has a market cap of $30.45 billion, a P/E ratio of 13.58, a PEG ratio of 0.57 and a beta of 2.67.

Carnival (NYSE:CCL) last released its quarterly earnings data on Monday, September 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.32 by $0.11. The company had revenue of $8.15 billion during the quarter, compared to the consensus estimate of $8.09 billion. Carnival had a net margin of 10.07% and a return on equity of 27.86%. Carnival’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.27 EPS. Carnival has set its Q4 2025 guidance at 0.230-0.230 EPS. FY 2025 guidance at 2.140-2.140 EPS. On average, research analysts expect that Carnival Corporation will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CCL. Morgan Stanley boosted their target price on shares of Carnival from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Tigress Financial boosted their price objective on Carnival from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Carnival in a research note on Wednesday, October 8th. Bank of America lifted their price objective on Carnival from $31.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Susquehanna upped their price target on shares of Carnival from $30.00 to $35.00 and gave the stock a “positive” rating in a report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.

About Carnival

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.