Insider Selling: Gerald Raymond Cahill Sells 30,000 Shares of Carnival Corp. Stock (CCL)
Carnival Corp. (NYSE:CCL) CEO Gerald Raymond Cahill unloaded 30,000 shares of the stock on the open market in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $41.60, for a total value of $1,248,000.00. Following the transaction, the chief executive officer now directly owns 95,436 shares in the company, valued at approximately $3,970,138. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CCL shares. Analysts at SunTrust upgraded shares of Carnival Corp. from a “reduce” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Carnival Corp. in a research note to investors on Friday, January 10th. They now have a $42.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Carnival Corp. in a research note to investors on Friday, December 20th. They now have a $40.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $165.64.
Shares of Carnival Corp. (NYSE:CCL) traded down 0.11% on Wednesday, hitting $41.475. 3,305,018 shares of the company’s stock traded hands. Carnival Corp. has a 52 week low of $31.44 and a 52 week high of $41.89. The stock’s 50-day moving average is $37. and its 200-day moving average is $36.09. The company has a market cap of $32.185 billion and a P/E ratio of 29.87.
Carnival Corp. (NYSE:CCL) last announced its earnings results on Thursday, December 19th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Carnival Corp. will post $1.69 earnings per share for the current fiscal year.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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