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.
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.
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