Carnival Corporation (CCL) CEO Arnold W. Donald Sells 3,000 Shares

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.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. Carnival’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. research analysts predict that Carnival Corporation will post 4.24 earnings per share for the current fiscal year.

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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About Carnival

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.

Insider Buying and Selling by Quarter for Carnival (NYSE:CCL)

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