Carnival Corp (CCL) CEO Arnold W. Donald Sells 8,000 Shares

Carnival Corp (NYSE:CCL) CEO Arnold W. Donald sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $71.66, for a total transaction of $573,280.00. Following the completion of the sale, the chief executive officer now directly owns 102,150 shares of the company’s stock, valued at approximately $7,320,069. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • 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 transaction of $204,000.00.

Carnival Corp (NYSE:CCL) opened at $69.12 on Thursday. Carnival Corp has a 1-year low of $54.75 and a 1-year high of $72.70. The company has a market cap of $49,140.00, a price-to-earnings ratio of 19.25, a P/E/G ratio of 1.17 and a beta of 0.75. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s payout ratio is 32.03%.

Several equities research analysts have commented on the stock. Credit Suisse Group upped their target price on shares of Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a research note on Thursday, January 25th. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley upped their price target on shares of Carnival from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Buckingham Research reiterated a “buy” rating and issued a $84.00 price target (up previously from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Finally, Stifel Nicolaus upped their price target on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Seven analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $73.45.

A number of institutional investors and hedge funds have recently made changes to their positions in CCL. SeaCrest Wealth Management LLC acquired a new position in Carnival during the fourth quarter worth $123,000. Grove Bank & Trust lifted its stake in Carnival by 367.8% in the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after acquiring an additional 1,600 shares during the last quarter. Smithfield Trust Co. lifted its stake in Carnival by 826.2% in the third quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock valued at $182,000 after acquiring an additional 2,520 shares during the last quarter. Nine Chapters Capital Management LLC acquired a new stake in Carnival in the third quarter valued at $200,000. Finally, Clarus Wealth Advisors acquired a new stake in Carnival in the fourth quarter valued at $218,000. Institutional investors and hedge funds own 75.65% 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.

Insider Buying and Selling by Quarter for Carnival (NYSE:CCL)

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