Carnival CorpCCL
Market Cap: $20.5B
About: Carnival is the largest global cruise company, with 92 ships in service at the end of fiscal 2023. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It's currently folding its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 13 million guests in 2019, prior to covid-19, a level it reached again in 2023.
Employees: 106,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
27% more repeat investments, than reductions
Existing positions increased: 301 | Existing positions reduced: 237
22% more capital invested
Capital invested by funds: $10.7B [Q1] → $13B (+$2.36B) [Q2]
22% more first-time investments, than exits
New positions opened: 118 | Existing positions closed: 97
3.67% more ownership
Funds ownership: 58.36% [Q1] → 62.03% (+3.67%) [Q2]
3% more funds holding
Funds holding: 826 [Q1] → 847 (+21) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 10 [Q1] → 10 (+0) [Q2]
42% less call options, than puts
Call options by funds: $874M | Put options by funds: $1.5B
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Morgan Stanley Jamie Rollo 0% 1-year accuracy 0 / 2 met price target | 4%downside $15 | Underweight Maintained | 7 Aug 2024 |
JP Morgan Matthew Boss 35% 1-year accuracy 19 / 54 met price target | 60%upside $25 | Overweight Maintained | 24 Jul 2024 |
Truist Securities Patrick Scholes 44% 1-year accuracy 16 / 36 met price target | 28%upside $20 | Hold Maintained | 23 Jul 2024 |
B of A Securities Nicholas Thomas 0% 1-year accuracy 0 / 1 met price target | 53%upside $24 | Buy Maintained | 27 Jun 2024 |
Argus Research John Eade 62% 1-year accuracy 16 / 26 met price target | 60%upside $25 | Buy Maintained | 27 Jun 2024 |
Financial journalist opinion
Based on 22 articles about CCL published over the past 30 days