Primecap Management Co. CA Has $117.64 Million Stake in Carnival Co. & plc (NYSE:CCL)

Primecap Management Co. CA trimmed its position in Carnival Co. & plc (NYSE:CCL) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,283,978 shares of the company’s stock after selling 59,900 shares during the quarter. Primecap Management Co. CA owned 0.56% of Carnival Co. & worth $117,636,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Continuum Advisory LLC raised its stake in shares of Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after purchasing an additional 630 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Carnival Co. & by 7.5% in the first quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock valued at $169,000 after purchasing an additional 726 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Carnival Co. & by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock valued at $3,379,000 after purchasing an additional 729 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after purchasing an additional 737 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in Carnival Co. & by 66.7% during the fourth quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after acquiring an additional 800 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of CCL stock opened at $18.04 on Wednesday. The stock has a 50-day moving average price of $16.55 and a 200 day moving average price of $16.09. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 27.75 and a beta of 2.68. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. The firm had revenue of $5.78 billion during the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the company earned ($0.31) earnings per share. Research analysts expect that Carnival Co. & plc will post 1.19 EPS for the current year.

Analysts Set New Price Targets

CCL has been the topic of several recent analyst reports. Argus boosted their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Morgan Stanley raised their price objective on shares of Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Susquehanna reissued a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a report on Wednesday, June 26th. Finally, Bank of America raised their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.