Carnival Corp (CCL) CEO Sells $573,280.00 in Stock

Carnival Corp (NYSE:CCL) CEO Arnold W. Donald sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $71.66, for a total value of $573,280.00. Following the sale, the chief executive officer now owns 102,150 shares in the company, valued at $7,320,069. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arnold W. Donald also recently made the following trade(s):

  • On Tuesday, January 9th, Arnold W. Donald sold 3,000 shares of Carnival stock. The shares were sold at an average price of $68.00, for a total value of $204,000.00.

Shares of Carnival Corp (NYSE CCL) opened at $69.58 on Monday. The stock has a market capitalization of $37,365.30, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.18 and a beta of 0.75. 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 Corp has a 52 week low of $54.75 and a 52 week high of $72.70.

Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. Carnival’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. equities analysts expect that Carnival Corp will post 4.27 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 23rd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.59%. The ex-dividend date is Thursday, February 22nd. Carnival’s dividend payout ratio is currently 32.03%.

Several brokerages have recently weighed in on CCL. Credit Suisse Group upped their price target on Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a research report on Thursday, January 25th. ValuEngine upgraded Carnival from a “hold” rating to a “buy” rating in a research report on Friday. Morgan Stanley boosted their price objective on Carnival from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday. Buckingham Research reissued a “buy” rating and set a $84.00 price objective (up previously from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Finally, Stifel Nicolaus boosted their price objective on Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. Seven equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Carnival currently has an average rating of “Buy” and a consensus target price of $73.45.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in Carnival by 14.1% in the third quarter. Janus Henderson Group PLC now owns 3,525,084 shares of the company’s stock worth $227,614,000 after buying an additional 436,941 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Carnival by 4.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,129,502 shares of the company’s stock worth $202,067,000 after buying an additional 119,107 shares in the last quarter. APG Asset Management N.V. boosted its stake in Carnival by 60.6% in the third quarter. APG Asset Management N.V. now owns 2,313,508 shares of the company’s stock worth $149,383,000 after buying an additional 872,800 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Carnival by 5.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,255,650 shares of the company’s stock valued at $149,711,000 after purchasing an additional 117,618 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in shares of Carnival by 0.4% during the third quarter. Eagle Asset Management Inc. now owns 2,128,102 shares of the company’s stock valued at $137,113,000 after purchasing an additional 7,457 shares during the period. 75.65% of the stock is owned by institutional investors and hedge funds.

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Carnival Company Profile

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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