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With a 63% stake, Carnival Corporation & plc (NYSE:CCL) has strong institutional support

  • Institutions’ significant holdings in Carnival Corporation suggest that they have significant influence on the company’s share price

  • The top 25 shareholders own 50% of the company

  • Insiders have been selling recently

To get a sense of who really has control of Carnival Corporation & plc (NYSE:CCL), it’s important to understand the company’s ownership structure. With 63% of the shares, institutions own the maximum stake in the company. This means that the group gains the most if the stock goes up (or loses the most if there is a downturn).

Because institutional owners have a huge pool of resources and liquidity, their investment decisions typically carry great weight, especially among individual investors. Therefore, it is generally considered a positive feature when a significant amount of institutional money is invested in a company.

Let’s dive deeper into each type of Carnival Corporation owner, starting with the table below.

Check out our latest analysis for Carnival Corporation &

Property collapse
NYSE:CCL Ownership Breakdown November 28, 2024

Many institutions measure their performance against an index that approximates the local market. That’s why they usually pay more attention to companies that are included in major indices.

We can see that Carnival Corporation & has institutional investors; and they hold a majority of the company’s shares. This can be an indication that the company has a certain level of credibility in the investment community. However, one should be careful not to rely on the supposed validation of institutional investors. They also sometimes do things wrong. When multiple institutions own a stock, there is always a risk that they are in a ‘crowded trade’. If such a trade fails, multiple parties may compete to sell the shares quickly. This risk is higher in a company without a growth history. You can see Carnival Corporation’s historic earnings and revenue below, but keep in mind there’s always more to the story.

Profit and sales growth
NYSE:CCL Earnings and Revenue Growth, November 28, 2024

Institutional investors own more than 50% of the company, so together they can likely strongly influence the board’s decisions. Carnival Corporation is not owned by hedge funds. From our data, we conclude that the largest shareholder is Micky Arison (who also holds the title of Top Key Executive) with 9.3% of shares outstanding. Typically, it is considered a good sign when insiders own a significant number of shares in the company, and in this case we are happy to see a company insider playing the role of a key stakeholder. The second and third largest shareholders now hold 9.2% and 5.9% of the shares issued.

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