Primecap Management Co. CA Sells 216,200 Shares of Carnival Corporation $CCL

Primecap Management Co. CA decreased its position in Carnival Corporation (NYSE:CCL) by 3.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,618,787 shares of the company’s stock after selling 216,200 shares during the period. Primecap Management Co. CA owned about 0.48% of Carnival worth $162,439,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CCL. Evolution Wealth Management Inc. bought a new stake in shares of Carnival in the second quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in 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 buying an additional 659 shares during the last quarter. LRI Investments LLC bought a new stake in Carnival during the 3rd quarter worth about $30,000. Farmers & Merchants Investments Inc. boosted its stake in shares of Carnival by 140.6% during the 3rd 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. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Carnival by 170.5% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,934 shares of the company’s stock valued at $56,000 after acquiring an additional 1,219 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Carnival from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Monday, December 22nd. Bank of America upped their price objective on Carnival from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. TD Cowen reissued a “buy” rating on shares of Carnival in a research note on Tuesday, January 13th. Wells Fargo & Company boosted their target price on shares of Carnival from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Finally, Truist Financial increased their price target on shares of Carnival from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Carnival Stock Up 3.2%

CCL opened at $32.72 on Friday. The stock’s fifty day simple moving average is $31.09 and its 200 day simple moving average is $29.56. Carnival Corporation has a 1-year low of $15.07 and a 1-year high of $34.03. The stock has a market cap of $40.47 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.16 and a beta of 2.49. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 1.96.

Carnival (NYSE:CCL) last released its quarterly earnings data on Friday, December 19th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.25 by $0.09. The firm had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.38 billion. Carnival had a net margin of 10.37% and a return on equity of 28.39%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. 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, research analysts expect that Carnival Corporation will post 1.77 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 1.8%. Carnival’s dividend payout ratio (DPR) is 30.00%.

Carnival 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.