Primecap Management Co. CA Has $162.44 Million Stock Holdings in Carnival Corporation $CCL

Primecap Management Co. CA decreased its position in shares of Carnival Corporation (NYSE:CCL) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,618,787 shares of the company’s stock after selling 216,200 shares during the period. Primecap Management Co. CA’s holdings in Carnival were worth $162,439,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Evolution Wealth Management Inc. acquired a new position in shares of Carnival in the second quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings 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 purchasing an additional 659 shares during the period. LRI Investments LLC acquired a new position in shares of Carnival during the 3rd quarter worth approximately $30,000. Farmers & Merchants Investments Inc. grew its position 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 purchasing an additional 886 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of 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 purchasing an additional 1,219 shares during the period. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCL. Argus reiterated a “buy” rating and issued a $35.00 price target on shares of Carnival in a research note on Monday, December 22nd. Stifel Nicolaus upped their target price on Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Jefferies Financial Group raised their price target on Carnival from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Zacks Research raised Carnival from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Finally, Mizuho increased their price objective on shares of Carnival from $37.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.00.

Carnival Price Performance

Carnival stock opened at $32.72 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32. Carnival Corporation has a 52 week low of $15.07 and a 52 week high of $34.03. The stock has a market capitalization of $40.47 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 1.16 and a beta of 2.49. The stock has a fifty day moving average of $31.09 and a 200-day moving average of $29.56.

Carnival (NYSE:CCL) last released 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. The firm had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. On average, sell-side analysts expect that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Carnival Announces Dividend

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

Carnival Company 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.