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.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 EPS. equities research analysts predict that Carnival Corporation will post 4.25 earnings per share for the current year.

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.

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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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