Carnival Corporation (NYSE:CCL) CFO David Bernstein sold 4,340 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $69.11, for a total value of $299,937.40. Following the transaction, the chief financial officer now owns 26,103 shares of the company’s stock, valued at $1,803,978.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
David Bernstein also recently made the following trade(s):
- On Thursday, January 4th, David Bernstein sold 11,000 shares of Carnival stock. The stock was sold at an average price of $66.50, for a total value of $731,500.00.
- On Thursday, December 27th, David Bernstein sold 25,526 shares of Carnival stock. The stock was sold at an average price of $66.59, for a total value of $1,699,776.34.
- On Thursday, December 28th, David Bernstein sold 51,454 shares of Carnival stock. The stock was sold at an average price of $66.76, for a total value of $3,435,069.04.
Carnival Corporation (NYSE CCL) opened at $68.52 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. The company has a market capitalization of $37,342.41, a price-to-earnings ratio of 19.09, a P/E/G ratio of 1.18 and a beta of 0.73. Carnival Corporation has a 12 month low of $52.65 and a 12 month high of $69.89.
Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. Carnival’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. research analysts predict that Carnival Corporation will post 4.24 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in CCL. Janus Henderson Group PLC grew its position in Carnival by 115.5% in the second quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock valued at $202,505,000 after acquiring an additional 1,655,345 shares during the period. Numeric Investors LLC grew its position in Carnival by 160.4% in the second quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock valued at $158,421,000 after acquiring an additional 1,488,366 shares during the period. Capital Growth Management LP bought a new stake in Carnival in the third quarter valued at $65,539,000. Vanguard Group Inc. grew its position in Carnival by 3.3% in the second quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock valued at $1,896,255,000 after acquiring an additional 934,311 shares during the period. Finally, APG Asset Management N.V. grew its position in Carnival by 60.6% in the third quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock valued at $149,383,000 after acquiring an additional 872,800 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.
A number of brokerages have recently commented on CCL. Credit Suisse Group upgraded Carnival from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $66.05 to $70.00 in a report on Tuesday, January 9th. ValuEngine upgraded Carnival from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Tigress Financial reiterated a “buy” rating on shares of Carnival in a report on Friday, December 22nd. Barclays upped their price target on Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a report on Thursday, December 21st. Finally, Deutsche Bank upped their price target on Carnival to $70.00 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $72.78.
TRADEMARK VIOLATION WARNING: “Carnival Corporation (CCL) CFO David Bernstein Sells 4,340 Shares” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/17/carnival-corporation-ccl-cfo-david-bernstein-sells-4340-shares.html.
Carnival Company Profile
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.
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.