Why are there two Carnival stocks? (2024)

Why are there two Carnival stocks?

A dual-listed company, Carnival is composed of two companies – Panama-incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc – which function as one entity.

Why does Carnival have two stocks?

Carnival Corporation and Carnival plc operate a dual listed company, whereby the businesses of Carnival Corporation and Carnival plc are combined and they function as a single economic entity through contractual agreements between separate legal entities.

What do I get if I own 100 shares of Carnival stock?

Cruise travelers who own at least 100 shares of stock in Carnival Corporation (CCL), Royal Caribbean (RCL), or Norwegian Cruise Line (NCL) can receive up to $250 in onboard credits during their next vacation at sea.

How many shares of Carnival are there?

Number of shares outstanding as of March 2024 : 1,263,000,000. According to Carnival Corporation's latest financial reports and stock price the company's current number of shares outstanding is 1,263,000,000. At the end of 2023 the company had 1,263,000,000 shares outstanding.

What does Carnival Corporation & PLC do?

Carnival has a portfolio of the world's most widely recognized cruise brands, which complement each other by geography, serve nearly every segment of the cruise industry and provide our guests with virtually endless holiday choices—so many, in fact, that they need to look no further than the Carnival family when ...

Could Carnival stock go to zero?

Morgan Stanley's Jamie Rollo outlined a worse-case scenario: Carnival stock could fall to $0 in the event of a global economic downturn.

What is the difference between Carnival Corporation and Carnival PLC?

A dual-listed company, Carnival is composed of two companies – Panama-incorporated, US-headquartered Carnival Corporation, and UK-based Carnival plc – which function as one entity.

Who owns the most Carnival stock?

The top individual shareholders of Carnival are Randall J. Weisenburger, Arnold W. Donald, and David Bernstein, and the top institutional shareholders are Micky Meir Arison, Vanguard Group Inc., and Public Investment Fund.

Is it worth buying Carnival shares?

It's paying down its debt, and this is the largest cruise operator in the world with a history of excellent performance. With operations back in full swing, the risk looks low. That's why I see Carnival stock as a bargain at this price. For all these reasons, I recommend Carnival stock as a buy right now.

Is it worth investing in Carnival shares?

CCL Stock Forecast FAQ

Carnival has 11.51% upside potential, based on the analysts' average price target. Is CCL a Buy, Sell or Hold? Carnival has a conensus rating of Moderate Buy which is based on 9 buy ratings, 1 hold ratings and 1 sell ratings. The average price target for Carnival is $19.08.

How much does 100 shares of Carnival cruise cost?

How much would it cost to buy 100 shares of Carnival stock? Shares of Carnival stock cost around $15.50 a share in mid-2023. It would cost about $1,550 to buy 100 shares of Carnival stock at that price point. Buying at least 100 shares has a notable shareholder benefit.

What is the highest Carnival stock has been?

The Carnival 52-week high stock price is 19.74, which is 15.9% above the current share price. The Carnival 52-week low stock price is 8.70, which is 48.9% below the current share price. The average Carnival stock price for the last 52 weeks is 14.69.

Has Carnival stock ever split?

Carnival has split its stock twice: Dec. 14, 1994: a 2-for-1 split of common shares. June 12, 1998: a 2-for-1 split of common shares.

Is Royal Caribbean owned by Carnival?

Does Carnival own Royal Caribbean? No. Royal Caribbean International is owned and operated by the Royal Caribbean Group, which also includes Celebrity Cruises and Silversea Cruises, among other brands.

Can I buy stock directly from Carnival Cruise Lines?

Carnival is a publicly traded company, so it's easy to buy through most types of brokerage accounts. If you're of age and you don't yet have a brokerage account, you can open one through a variety of different investment companies and platforms.

Is Princess Cruises owned by Carnival?

Carnival Cruise Line is proud to be part of a family of companies owned by Carnival Corporation, which includes sister lines Princess Cruises, Holland America Line and Cunard Line, among others.

Why is Carnival stock doing so poorly?

Admittedly, Carnival stock had looked uninvestable for years. The company earned little revenue for several quarters. Even when cruises resumed in mid-2021, it took months for the company to rebuild the customer base to the point where all its ships could sail again. As a result, Carnival endured years of losses.

Will Carnival stock ever come back?

As far as Carnival's concerned, it's passed the pandemic

But revenue hit an all-time high in 2023, and Carnival finally reported a quarterly net profit. Its stock reacted in kind, and Carnival is officially back to normal growth. Perhaps one vestige of these trends is the remaining high demand.

Is Carnival a good long term investment?

The financial health and growth prospects of CCL, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.

Who are the major shareholders of Carnival?

Is Carnival Corp profitable?

Carnival gross profit for the twelve months ending November 30, 2023 was $7.276B, a 754.99% increase year-over-year. Carnival annual gross profit for 2023 was $7.276B, a 754.99% increase from 2022. Carnival annual gross profit for 2022 was $0.851B, a 139.49% decline from 2021.

What is the future of the Carnival Corporation?

Carnival is coming into 2024 with record revenue and its strongest-ever booked position. Profitability is improving, and it's getting closer to returning to positive annual net income. It's working to pay off the debt it took on when cruises were on hold and it had no sales.

How high will Carnival stock go?

According to the latest long-term forecast, Carnival price will hit $25 by the end of 2025 and then $30 by the end of 2026. Carnival will rise to $35 within the year of 2027, $45 in 2029, $50 in 2032 and $55 in 2034.

How many shares do you need for Carnival?

This benefit is available to shareholders holding a minimum of 100 shares of Carnival Corporation or Carnival plc. Employees, travel agents cruising at travel agent rates or interline rates, tour conductors or anyone else cruising at a reduced-rate or on complimentary basis are excluded from this offer.

How much is it to buy Carnival cruise stock?