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Monday, June 5, 2023

Carnival Corporation & plc (NYSE: CCL) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Carnival Corporation & plc (CCL) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.21%, to $9.43. The Carnival Corporation & plc has recorded 507,693 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Coronation Celebrations at Sea on board Cunard’s Three Queens.

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Stocks Info

Carnival Corporation & plc is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Travel Services industry. At the end of the last regular session, the stock closed at $9.45 and fluctuated between $9.54 as its day high and $9.17 as its day low. The current market capitalization of Carnival Corporation & plc is $11.38B. A total of 33.34 million shares were traded on the day, compared to an average of 37.36M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CCL has seen 36 BUY and 20 SELL insider trades, representing the acquisition of 1,909,529 and the disposition of 391,389 shares. Over the last 12 months, there were 46 BUYs and 35 SELLs from insiders. Insiders purchased 2,223,821 shares during that period but sold 493,178.

In the most recent transaction, Bernstein David sold 107,119 shares of CCL for 11.08 per share on Feb 21. After the transaction, the CFO & CAO now owns 286,041 company shares. In a previous transaction on May 25, WEISENBURGER RANDALL J bought 100,000 shares at 11.76 per share. CCL shares that Director owns now total 870,950.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. CCL’s most recent ex-dividend date was 2/20/2020 when it declared a $0.50 quarterly dividend that was paid in cash on 3/13/2020. Previously, the company paid the dividend on 12/13/2019 with an ex-dividend date of 11/21/2019. The CCL stock dividend was $0.50 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CCL in the last 3 months, the mean price target is $10.88 with high estimates of $18.00 and low estimates of $6.80. In terms of 52-week highs and lows, CCL has a high of $17.83 and a low of $6.11.

As of this writing, CCL has an earnings estimate of -$0.35 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of -$0.28 per share and a lower estimate of -$0.4. The company reported an EPS of -$0.85 in the last quarter, which was 2.30% higher than expectations of -$0.87.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CCL’s latest balance sheet shows that the firm has $9.14B in Cash & Short Term Investments as of fiscal 2021. There were $34.61B in debt and $10.41B in liabilities at the time. Its Book Value Per Share was $4.90, while its Total Shareholder’s Equity was $12.14B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 22 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CCL is Sell with a score of 3.38. A total of 7 analysts rated the stock as Buy while 2 rated it as Overweight while 10 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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