Carnival Corporation (CCL) CEO Sells $327,850.00 in Stock
Carnival Corporation (NYSE:CCL) CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $65.57, for a total transaction of $327,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $67.41, for a total transaction of $6,127,771.23.
Shares of Carnival Corporation (NYSE CCL) traded down $1.31 during midday trading on Tuesday, hitting $65.94. 2,798,952 shares of the stock were exchanged, compared to its average volume of 3,165,140. The firm has a market cap of $35,365.18, a P/E ratio of 17.10, a P/E/G ratio of 1.18 and a beta of 0.73. Carnival Corporation has a 1 year low of $50.77 and a 1 year high of $69.89. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $1.80 annualized dividend 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%.
CCL has been the topic of several recent research reports. UBS reiterated a “buy” rating and set a $76.00 target price (up from $67.00) on shares of Carnival in a research report on Thursday, August 17th. Deutsche Bank reiterated a “hold” rating and set a $61.00 target price (down from $62.00) on shares of Carnival in a research report on Wednesday, September 27th. Zacks Investment Research downgraded shares of Carnival from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Argus reiterated a “neutral” rating and set a $67.00 target price (down from $78.00) on shares of Carnival in a research report on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $79.00 target price (up from $74.00) on shares of Carnival in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $67.71.
Large investors have recently added to or reduced their stakes in the company. Almanack Investment Partners LLC. bought a new stake in shares of Carnival in the 2nd quarter valued at $117,000. Grove Bank & Trust increased its stake in shares of Carnival by 367.8% in the 3rd 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 in the last quarter. Bessemer Group Inc. increased its stake in shares of Carnival by 109.4% in the 2nd quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after acquiring an additional 1,368 shares in the last quarter. Smithfield Trust Co. increased its stake in shares of Carnival by 826.2% in the 3rd 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 in the last quarter. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Carnival by 1.4% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after acquiring an additional 40 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.
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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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