Carnival Corporation (NYSE:CCL) CEO Arnold W. Donald sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $68.00, for a total transaction of $204,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Arnold W. Donald also recently made the following trade(s):
- On Monday, October 16th, Arnold W. Donald sold 90,903 shares of Carnival stock. The stock was sold at an average price of $67.41, for a total transaction of $6,127,771.23.
Shares of Carnival Corporation (NYSE:CCL) opened at $69.69 on Friday. The company has a market cap of $37,342.41, a P/E ratio of 19.41, a P/E/G ratio of 1.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. Carnival Corporation has a 52 week low of $52.65 and a 52 week high of $69.89.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a dividend of $0.45 per share. This is a boost from Carnival’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Wednesday, November 22nd. Carnival’s dividend payout ratio is presently 44.57%.
A number of brokerages have issued reports on CCL. Credit Suisse Group raised shares of Carnival from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $66.05 to $70.00 in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Tigress Financial reiterated a “buy” rating on shares of Carnival in a research note on Friday, December 22nd. Barclays boosted their target price on shares of Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a research note on Thursday, December 21st. Finally, Deutsche Bank boosted their target price on shares of Carnival to $70.00 and gave the company a “hold” rating in a research note on Wednesday, December 20th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $72.78.
Several hedge funds have recently made changes to their positions in CCL. Janus Henderson Group PLC lifted its stake in shares of Carnival by 115.5% during the 2nd quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock valued at $202,505,000 after buying an additional 1,655,345 shares in the last quarter. Numeric Investors LLC lifted its stake in shares of Carnival by 160.4% during the 2nd quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock valued at $158,421,000 after buying an additional 1,488,366 shares in the last quarter. Capital Growth Management LP purchased a new stake in shares of Carnival during the 3rd quarter valued at approximately $65,539,000. Vanguard Group Inc. lifted its stake in shares of Carnival by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock valued at $1,896,255,000 after buying an additional 934,311 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of Carnival by 60.6% during the 3rd quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock valued at $149,383,000 after buying an additional 872,800 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.
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Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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