BlackRock Fund Advisors recently announced the acquisition of new stake in Carnival Corp. (NYSE:CCL). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.88% to 46.06 million shares with purchase of 0.85 million shares. This fresh investment now brings its stake to 4.11% valued currently at $853.89 million. In addition, SSgA Funds Management, Inc. raised its holdings by 10817.0 to 37.92 million shares. And Bessemer Investment Management LL has lifted its position by 0.00% or 252.0 shares – to 35.75 million shares.
Currently, there are 1.12B common shares owned by the public and among those 983.41M shares have been available to trade.
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Insiders at the company have transacted a total of 88 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 68 of these insider trades were purchases, accounting for 4,140,643 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 391,389 shares.
The top 3 mutual fund holders in Carnival Corp. are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Vanguard Mid Cap Index Fund. Vanguard Total Stock Market ETF owns 31.55 million shares of the company’s stock, all valued at over $584.93 million. The company bought an additional 26347.0 shares recently to bring their total holdings to about 2.82% of the shares outstanding. Vanguard 500 Index Fund bought 51464.0 shares to see its total holdings expand to 24.6 million shares valued at over $456.05 million and representing 2.20% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.24 million shares to bring its total holdings to over 22.59 million shares at a value of $418.81 million. Vanguard Mid Cap Index Fund now owns shares totaling to 2.02% of the shares outstanding.
However, the script later moved the day high at 16.51, down -3.89%. The company’s stock has a 5-day price change of -8.66% and 40.46% over the past three months. CCL shares are trading -14.62% year to date (YTD), with the 12-month market performance up to 45.50% higher. It has a 12-month low price of $8.37 and touched a high of $19.74 over the same period. CCL has an average intraday trading volume of 30.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.10%, -5.47%, and 8.29% respectively.
Institutional ownership of Carnival Corp. (NYSE: CCL) shares accounts for 47.52% of the company’s 1.12B shares outstanding. Mutual fund holders own 30.06%, while other institutional holders and individual stakeholders account for 7.71% and 23.76% respectively.
It has a market capitalization of $20.00B and a beta (3y monthly) value of 2.57. The earnings-per-share (ttm) stands at -$0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.23% over the week and 3.72% over the month.
Analysts forecast that Carnival Corp. (CCL) will achieve an EPS of -$0.19 for the current quarter, $0.02 for the next quarter and $1.36 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.22 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.55 a year ago.
Looking at the support for the CCL, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on January 05, 2024, with the firm’s price target at $22.
