Insider Selling: Carnival Corp (NYSE:CCL) CEO Sells 3,000 Shares of Stock

Carnival Corp (NYSE:CCL) CEO Arnold W. Donald sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $68.00, for a total value of $204,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 value of $6,127,771.23.

Carnival Corp (CCL) traded down $1.16 during mid-day trading on Friday, reaching $69.95. The company’s stock had a trading volume of 2,574,287 shares, compared to its average volume of 3,284,644. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. The company has a market capitalization of $37,365.33, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 1.18 and a beta of 0.75. Carnival Corp has a 12-month low of $54.75 and a 12-month high of $72.70.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. equities analysts forecast that Carnival Corp will post 4.27 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.80 dividend on an annualized basis and a yield of 2.57%. Carnival’s dividend payout ratio is 32.03%.

Hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. boosted its stake in shares of Carnival by 2,540.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock worth $17,046,000 after acquiring an additional 253,997 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Carnival by 169.2% during the 4th quarter. State of Alaska Department of Revenue now owns 55,259 shares of the company’s stock worth $3,665,000 after acquiring an additional 34,735 shares during the period. New England Research & Management Inc. boosted its stake in shares of Carnival by 104.6% during the 3rd quarter. New England Research & Management Inc. now owns 24,550 shares of the company’s stock worth $1,585,000 after acquiring an additional 12,550 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Carnival during the 3rd quarter worth approximately $12,791,000. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Carnival by 40.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,673,888 shares of the company’s stock worth $175,327,000 after acquiring an additional 772,701 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

A number of equities research analysts have recently commented on CCL shares. Zacks Investment Research lowered Carnival from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Morgan Stanley raised Carnival from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $65.94 to $68.00 in a research report on Wednesday, December 6th. Credit Suisse Group set a $72.00 price target on Carnival and gave the stock a “hold” rating in a research report on Tuesday, December 12th. SunTrust Banks reaffirmed a “buy” rating and set a $84.00 price target (up previously from $72.00) on shares of Carnival in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus lifted their target price on Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Seven equities research 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. The company has a consensus rating of “Buy” and an average price target of $73.45.

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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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