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

Carnival Corp (NYSE:CCL) CEO Arnold W. Donald sold 3,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $68.00, for a total value of $204,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,376 shares of the company’s stock, valued at $9,001,568. The sale was disclosed in a filing with the SEC, which is available at this link.

Arnold W. Donald also recently made the following trade(s):

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  • On Monday, April 2nd, Arnold W. Donald sold 5,000 shares of Carnival stock. The shares were sold at an average price of $64.49, for a total value of $322,450.00.
  • On Tuesday, January 9th, Arnold W. Donald sold 3,000 shares of Carnival stock. The shares were sold at an average price of $68.00, for a total value of $204,000.00.

NYSE:CCL opened at $64.51 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.14 and a current ratio of 0.19. The stock has a market capitalization of $34,459.44, a P/E ratio of 16.29, a P/E/G ratio of 1.04 and a beta of 0.84. Carnival Corp has a 52-week low of $57.39 and a 52-week high of $72.70.

Carnival (NYSE:CCL) last released its earnings results on Thursday, March 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.11 billion. Carnival had a return on equity of 11.97% and a net margin of 14.73%. Carnival’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 earnings per share. analysts anticipate that Carnival Corp will post 4.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Investors of record on Friday, February 23rd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Thursday, February 22nd. Carnival’s dividend payout ratio is currently 20.94%.

CCL has been the subject of several research reports. Buckingham Research reissued a “buy” rating and issued a $84.00 target price (up from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Credit Suisse Group raised Carnival from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $66.05 to $70.00 in a research note on Tuesday, January 9th. Deutsche Bank raised their price target on Carnival from $70.00 to $71.00 and gave the stock a “hold” rating in a research report on Friday, March 23rd. Tigress Financial restated a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Finally, Morgan Stanley raised their price target on Carnival from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $74.33.

Large investors have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC acquired a new position in Carnival during the fourth quarter worth approximately $123,000. Focused Wealth Management Inc acquired a new position in Carnival during the fourth quarter worth approximately $133,000. Grove Bank & Trust increased its position in Carnival by 367.8% during the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after buying an additional 1,600 shares during the last quarter. Avestar Capital LLC acquired a new position in Carnival during the fourth quarter worth approximately $148,000. Finally, Delpha Capital Management LLC acquired a new position in Carnival during the fourth quarter worth approximately $173,000. 76.73% of the stock is currently owned by institutional investors and hedge funds.

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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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