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.
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.
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