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.
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