Carnival Corporation (NYSE:CCL) CFO David Bernstein sold 4,340 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $69.11, for a total transaction of $299,937.40. Following the completion of the sale, the chief financial officer now owns 26,103 shares in the company, valued at $1,803,978.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

David Bernstein also recently made the following trade(s):

  • On Thursday, January 4th, David Bernstein sold 11,000 shares of Carnival stock. The stock was sold at an average price of $66.50, for a total transaction of $731,500.00.
  • On Thursday, December 27th, David Bernstein sold 25,526 shares of Carnival stock. The stock was sold at an average price of $66.59, for a total transaction of $1,699,776.34.
  • On Thursday, December 28th, David Bernstein sold 51,454 shares of Carnival stock. The stock was sold at an average price of $66.76, for a total transaction of $3,435,069.04.

Carnival Corporation (NYSE CCL) traded down $1.17 during mid-day trading on Tuesday, hitting $68.52. 3,664,020 shares of the stock were exchanged, compared to its average volume of 3,077,440. Carnival Corporation has a twelve month low of $52.65 and a twelve month 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 firm has a market capitalization of $49,090.00, a price-to-earnings ratio of 19.09, a P/E/G ratio of 1.18 and a beta of 0.73.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. equities research analysts predict that Carnival Corporation will post 4.24 EPS for the current fiscal year.

A number of research firms recently commented on CCL. Stifel Nicolaus boosted their target price on shares of Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Susquehanna Bancshares boosted their target price on shares of Carnival from $75.00 to $76.00 and gave the stock a “positive” rating in a report on Monday, September 25th. Zacks Investment Research upgraded shares of Carnival from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Thursday, September 21st. Credit Suisse Group reiterated a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Finally, Instinet reiterated a “buy” rating and issued a $75.00 target price on shares of Carnival in a report on Monday, October 2nd. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $72.78.

Several hedge funds have recently added to or reduced their stakes in CCL. Pathstone Family Office LLC increased its stake in Carnival by 200.0% in the 2nd quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after buying an additional 38 shares during the period. YorkBridge Wealth Partners LLC increased its stake in 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 buying an additional 40 shares during the period. Security National Bank of Sioux City Iowa IA increased its stake in Carnival by 0.5% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 13,390 shares of the company’s stock valued at $878,000 after buying an additional 65 shares during the period. Scotia Capital Inc. increased its stake in Carnival by 0.4% in the 2nd quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock valued at $1,089,000 after buying an additional 71 shares during the period. Finally, Security National Bank of SO Dak increased its stake in Carnival by 0.9% in the 2nd quarter. Security National Bank of SO Dak now owns 12,137 shares of the company’s stock valued at $795,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Carnival Corporation (CCL) CFO Sells $299,937.40 in Stock” was published by American Banking News and is the property of of American Banking News. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/16/carnival-corporation-ccl-cfo-sells-299937-40-in-stock.html.

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)

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.