David Bernstein Sells 2,600 Shares of Carnival Corporation (CCL) Stock

Carnival Corporation (NYSE:CCL) CFO David Bernstein sold 2,600 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $69.59, for a total value of $180,934.00. Following the completion of the sale, the chief financial officer now owns 34,620 shares in the company, valued at approximately $2,409,205.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

David Bernstein also recently made the following trade(s):

  • On Friday, January 12th, David Bernstein sold 4,340 shares of Carnival stock. The shares were sold at an average price of $69.11, for a total value of $299,937.40.
  • On Thursday, January 4th, David Bernstein sold 11,000 shares of Carnival stock. The shares were 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 shares were 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 shares were sold at an average price of $66.76, for a total value of $3,435,069.04.

Carnival Corporation (NYSE CCL) opened at $68.56 on Friday. The firm has a market capitalization of $36,983.40, a price-to-earnings ratio of 19.10, a PEG ratio of 1.17 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 twelve month low of $53.03 and a twelve month high of $69.89.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.63%. Carnival’s payout ratio is 44.57%.

Several equities analysts recently issued reports on the company. Instinet reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Carnival in a research report on Monday, October 2nd. Nomura reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Carnival in a research report on Friday, September 29th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival in a research report on Thursday, September 28th. Argus reaffirmed a “neutral” rating and issued a $67.00 price objective (down from $78.00) on shares of Carnival in a research report on Thursday, September 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $79.00 price objective (up from $74.00) on shares of Carnival in a research report on Wednesday, September 27th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Carnival currently has a consensus rating of “Buy” and an average target price of $72.78.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Carnival by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock worth $1,896,255,000 after purchasing an additional 934,311 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Carnival by 14.1% in the 3rd quarter. Janus Henderson Group PLC now owns 3,525,084 shares of the company’s stock worth $227,614,000 after purchasing an additional 436,941 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Carnival by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock worth $202,067,000 after purchasing an additional 119,107 shares in the last quarter. Numeric Investors LLC increased its stake in shares of Carnival by 160.4% in the 2nd quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock worth $158,421,000 after purchasing an additional 1,488,366 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Carnival by 60.6% in the 3rd quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock worth $149,383,000 after purchasing an additional 872,800 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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