Vanguard Trims Carnival Stake to 11.8% as of Dec 29, 2023

TL;DR

**Vanguard cut its Carnival (CCL) stake to 11.8% as of year-end.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its SC 13G filing for Carnival Corp (CCL) on February 13, 2024, indicating its ownership of 60,383,828 shares of Carnival's Common Stock as of December 29, 2023. This represents 11.8% of Carnival's outstanding shares, a slight decrease from its previous reported ownership. This matters to investors because Vanguard is a significant institutional holder, and changes in its stake can signal shifts in institutional confidence or investment strategy for the cruise line company.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, slightly reduced its stake in Carnival Corp, which could be interpreted as a minor shift in its investment outlook for the company.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically doesn't pose a significant immediate risk to the stock.

Analyst Insight

Investors should note that while Vanguard remains a major shareholder, its slight reduction in stake is a minor data point and not necessarily a strong buy or sell signal for Carnival Corp (CCL). It's more indicative of portfolio rebalancing within a large fund rather than a fundamental shift in outlook.

Key Numbers

• 60,383,828 — Shares Beneficially Owned (The total number of Carnival Corp Common Stock shares owned by The Vanguard Group as of December 29, 2023.)
• 11.8% — Percentage of Class Outstanding (The percentage of Carnival Corp's Common Stock that The Vanguard Group beneficially owns, indicating a significant institutional stake.)
• December 29, 2023 — Date of Event (The specific date on which the ownership stake was measured, triggering the requirement for this filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Carnival Corp (company) — subject company, issuer of the securities
• 60,383,828 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 11.8% (dollar_amount) — percentage of class outstanding owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, albeit potentially fluctuating, stake in Carnival Corp, reflecting its passive investment strategies. (The Vanguard Group) — high confidence, target: 2025-02-13

FAQ

Filing Documents

• tv0537-carnivalcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-020534.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Carnival Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 3655 North-West 87th Avenue Miami, FL 33178-2428

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 143658300

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration