Carnival Corporation (CCL) CEO Arnold W. Donald Sells 5,000 Shares

Carnival Corporation (NYSE:CCL) CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $65.57, for a total transaction of $327,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $6,127,771.23.

Carnival Corporation (CCL) traded down $1.31 during mid-day trading on Wednesday, hitting $65.94. 2,798,900 shares of the stock were exchanged, compared to its average volume of 3,165,140. Carnival Corporation has a twelve month low of $50.77 and a twelve month high of $69.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16. The firm has a market capitalization of $36,034.97, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.20 and a beta of 0.73.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.09. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the business earned $1.92 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. equities research analysts predict that Carnival Corporation will post 3.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change from Carnival’s previous quarterly dividend of $0.40. Carnival’s payout ratio is currently 43.72%.

Several research firms recently commented on CCL. Morgan Stanley raised shares of Carnival from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $65.94 to $68.00 in a research note on Wednesday. Zacks Investment Research lowered shares of Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Instinet reissued a “buy” rating and set a $75.00 target price on shares of Carnival in a research note on Monday, October 2nd. Nomura reissued a “buy” rating and set a $75.00 target price on shares of Carnival in a research note on Friday, September 29th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Carnival in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Carnival currently has an average rating of “Buy” and an average target price of $67.73.

Several hedge funds have recently added to or reduced their stakes in CCL. Assenagon Asset Management S.A. increased its stake in Carnival by 2,540.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock valued at $17,046,000 after buying an additional 253,997 shares during the period. Prudential Financial Inc. increased its stake in Carnival by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 669,634 shares of the company’s stock valued at $43,908,000 after buying an additional 27,330 shares during the period. Homrich & Berg acquired a new position in Carnival in the 2nd quarter valued at approximately $272,000. Covenant Multifamily Offices LLC increased its stake in Carnival by 2.4% in the 2nd quarter. Covenant Multifamily Offices LLC now owns 39,931 shares of the company’s stock valued at $2,618,000 after buying an additional 929 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Carnival by 14.7% in the 2nd quarter. Victory Capital Management Inc. now owns 34,549 shares of the company’s stock valued at $2,265,000 after buying an additional 4,422 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

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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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