Insider Selling: Carnival Corporation (CCL) CEO Sells 5,000 Shares of Stock
Carnival Corporation (NYSE:CCL) CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $66.90, for a total value of $334,500.00. Following the completion of the sale, the chief executive officer now directly owns 115,572 shares of the company’s stock, valued at $7,731,766.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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 value of $6,127,771.23.
Shares of Carnival Corporation (NYSE:CCL) traded up $0.15 during mid-day trading on Thursday, reaching $66.90. The company had a trading volume of 2,808,200 shares, compared to its average volume of 2,796,100. The firm has a market cap of $47,690.00, a PE ratio of 18.64, a PEG ratio of 1.19 and a beta of 0.73. Carnival Corporation has a 1 year low of $52.24 and a 1 year high of $69.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a boost from Carnival’s previous quarterly dividend of $0.40. Carnival’s payout ratio is 44.57%.
Hedge funds have recently modified their holdings of the stock. Almanack Investment Partners LLC. acquired a new position in Carnival during the 2nd quarter worth approximately $117,000. Grove Bank & Trust increased its position in Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after purchasing an additional 1,600 shares during the period. Smithfield Trust Co. increased its position in Carnival by 826.2% during the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after purchasing an additional 2,520 shares during the period. YorkBridge Wealth Partners LLC increased its position in Carnival by 1.4% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after purchasing an additional 40 shares during the period. Finally, Sun Life Financial INC increased its position in Carnival by 23,315.4% during the 2nd quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock worth $200,000 after purchasing an additional 3,031 shares during the period. Hedge funds and other institutional investors own 75.90% of the company’s stock.
Several analysts have recently weighed in on CCL shares. Zacks Investment Research downgraded Carnival from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Credit Suisse Group downgraded Carnival from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $78.00 to $70.00 in a report on Friday, September 15th. Deutsche Bank boosted their target price on Carnival to $70.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Tigress Financial reissued a “buy” rating on shares of Carnival in a report on Friday, December 22nd. Finally, Instinet reissued a “buy” rating and issued a $75.00 target price on shares of Carnival in a report on Monday, October 2nd. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Carnival presently has a consensus rating of “Buy” and a consensus price target of $72.89.
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.
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.