Primecap Management Co. CA Has $149.62 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Primecap Management Co. CA lessened its position in shares of Carnival Co. & plc (NYSE:CCL) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,004,150 shares of the company’s stock after selling 218,528 shares during the quarter. Primecap Management Co. CA’s holdings in Carnival Co. & were worth $149,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hartford Investment Management Co. lifted its position in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after purchasing an additional 387 shares during the period. Avidian Wealth Enterprises LLC raised its stake in shares of Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after buying an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in shares of Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after acquiring an additional 475 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after acquiring an additional 521 shares in the last quarter. Finally, Graypoint LLC increased its stake in Carnival Co. & by 5.3% in the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after acquiring an additional 560 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

CCL opened at $20.12 on Wednesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market capitalization of $23.42 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company’s 50 day simple moving average is $24.38 and its 200-day simple moving average is $22.94. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company earned ($0.07) EPS. Sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CCL. Morgan Stanley raised their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Citigroup increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Truist Financial boosted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Company Profile

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.