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):
- 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.
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