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.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. The firm had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.39 billion. Carnival had a net margin of 15.53% and a return on equity of 12.15%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.92 EPS. sell-side analysts expect that Carnival Corporation will post 3.7 earnings per share for the current year.

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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About Carnival

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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