Carnival Corporation (NYSE:CUK) insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $67.02, for a total value of $1,005,300.00. Following the completion of the transaction, the insider now directly owns 150,860 shares in the company, valued at approximately $10,110,637.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Alan Buckelew also recently made the following trade(s):

  • On Friday, July 21st, Alan Buckelew sold 15,000 shares of Carnival Corporation stock. The stock was sold at an average price of $67.52, for a total value of $1,012,800.00.

Carnival Corporation (CUK) traded up 1.34% during trading on Tuesday, reaching $68.18. The company’s stock had a trading volume of 123,348 shares. The company’s 50 day moving average price is $66.27 and its 200-day moving average price is $60.09. The stock has a market cap of $49.36 billion, a P/E ratio of 18.03 and a beta of 0.70. Carnival Corporation has a 1-year low of $44.60 and a 1-year high of $68.72.

Carnival Corporation (NYSE:CUK) last issued its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.07. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The company had revenue of $3.95 billion for the quarter. Equities analysts forecast that Carnival Corporation will post $3.57 earnings per share for the current fiscal year.

Carnival Corporation declared that its Board of Directors has initiated a stock buyback plan on Friday, April 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.38%. Carnival Corporation’s payout ratio is 42.55%.

WARNING: This piece was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/01/carnival-corporation-nysecuk-insider-sells-1005300-00-in-stock.html.

Several institutional investors have recently modified their holdings of the stock. Financial Counselors Inc. boosted its position in Carnival Corporation by 0.5% in the first quarter. Financial Counselors Inc. now owns 5,329 shares of the company’s stock worth $308,000 after buying an additional 24 shares during the period. Huntington National Bank boosted its position in Carnival Corporation by 6.4% in the second quarter. Huntington National Bank now owns 1,926 shares of the company’s stock worth $127,000 after buying an additional 115 shares during the period. Hansberger Growth Investors LP boosted its position in Carnival Corporation by 0.3% in the first quarter. Hansberger Growth Investors LP now owns 51,442 shares of the company’s stock worth $2,978,000 after buying an additional 155 shares during the period. World Asset Management Inc boosted its position in Carnival Corporation by 1.5% in the first quarter. World Asset Management Inc now owns 13,486 shares of the company’s stock worth $781,000 after buying an additional 193 shares during the period. Finally, Sei Investments Co. boosted its position in Carnival Corporation by 0.5% in the first quarter. Sei Investments Co. now owns 49,805 shares of the company’s stock worth $2,883,000 after buying an additional 259 shares during the period. Institutional investors own 4.25% of the company’s stock.

Separately, ValuEngine raised Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.

Carnival Corporation Company Profile

Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (the United Kingdom), P&O Cruises (Australia) and Cunard.

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

Receive News & Ratings for Carnival Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corporation and related companies with MarketBeat.com's FREE daily email newsletter.