Carnival Corporation (NYSE:CCL) CFO David Bernstein sold 2,600 shares of Carnival stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $69.59, for a total value of $180,934.00. Following the completion of the sale, the chief financial officer now owns 34,620 shares of the company’s stock, valued at $2,409,205.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, January 12th, David Bernstein sold 4,340 shares of Carnival stock. The stock was sold at an average price of $69.11, for a total value of $299,937.40.
  • 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 value 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 value 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 value of $3,435,069.04.

Carnival Corporation (NYSE:CCL) traded down $0.38 during midday trading on Thursday, hitting $69.07. The stock had a trading volume of 1,072,953 shares, compared to its average volume of 3,097,627. The company has a market capitalization of $49,210.00, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 1.16 and a beta of 0.73. Carnival Corporation has a 52-week low of $52.65 and a 52-week high of $69.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18.

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

CCL has been the subject of a number of research analyst reports. Barclays lifted their target price on Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a report on Thursday, December 21st. Morgan Stanley upgraded Carnival from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $65.94 to $68.00 in a report on Wednesday, December 6th. Credit Suisse Group set a $72.00 target price on Carnival and gave the stock a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded Carnival from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Tigress Financial reiterated a “buy” rating on shares of Carnival in a report on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $72.78.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Carnival by 3.3% during the second quarter. Vanguard Group Inc. now owns 28,919,554 shares of the company’s stock valued at $1,896,255,000 after buying an additional 934,311 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Carnival by 14.1% during the third quarter. Janus Henderson Group PLC now owns 3,525,084 shares of the company’s stock valued at $227,614,000 after buying an additional 436,941 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Carnival by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock valued at $202,067,000 after buying an additional 119,107 shares during the last quarter. Numeric Investors LLC boosted its position in shares of Carnival by 160.4% during the second quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock valued at $158,421,000 after buying an additional 1,488,366 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in shares of Carnival by 60.6% during the third quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock valued at $149,383,000 after buying an additional 872,800 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

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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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