Carnival (NYSE:CCL) Insider Bettina Alejandra Deynes Sells 43,058 Shares

Carnival Corporation (NYSE:CCL) insider Bettina Alejandra Deynes sold 43,058 shares of Carnival stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $28.10, for a total value of $1,209,929.80. Following the transaction, the insider owned 69,238 shares of the company’s stock, valued at $1,945,587.80. The trade was a 38.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Carnival Trading Down 1.8%

Carnival stock opened at $27.55 on Tuesday. Carnival Corporation has a 52 week low of $22.11 and a 52 week high of $34.03. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.26 and a current ratio of 0.30. The stock has a market capitalization of $34.13 billion, a P/E ratio of 12.24, a PEG ratio of 1.25 and a beta of 2.32. The stock has a 50-day simple moving average of $26.41 and a 200 day simple moving average of $28.04.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Analysts expect that Carnival Corporation will post 2.21 earnings per share for the current year.

Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, May 18th. Carnival’s payout ratio is currently 26.67%.

Key Stories Impacting Carnival

Here are the key news stories impacting Carnival this week:

• Positive Sentiment: Carnival highlighted a cruise-industry first by successfully using LNG bunkering in Latin America and the Western Caribbean, supporting its decarbonization strategy and potentially improving its long-term operating profile. Carnival Corporation Brings Cruise Industry’s First LNG Bunkering to Latin America & Western Caribbean
• Neutral Sentiment: Truist lowered its price target on Carnival to $29 from $30 while keeping a Hold rating, which signals a modestly less bullish view but not a major change in fundamentals. Truist Lowers PT on Carnival Corporation (CCL) Stock
• Neutral Sentiment: The company’s Q1 results previously beat expectations, with stronger-than-expected revenue and earnings, but that good news appears to be more than offset by newer concerns.
• Negative Sentiment: Carnival disclosed a data breach affecting millions of customers, including sensitive personal information, which could create legal, reputational, and remediation costs. Carnival Corporation data breach affects 5.9 million customers
• Negative Sentiment: An insider sold more than 43,000 shares, which can weigh on investor sentiment even if the transaction may have personal rather than business-related motivations. Carnival insider sale disclosure
• Negative Sentiment: A separate article noted Carnival stock declined as the broader market improved, reflecting weak near-term trading momentum. Carnival (CCL) Stock Declines While Market Improves: Some Information for Investors

Institutional Investors Weigh In On Carnival

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCL. CVA Family Office LLC raised its holdings in shares of Carnival by 15.6% during the 4th quarter. CVA Family Office LLC now owns 2,597 shares of the company’s stock worth $79,000 after buying an additional 350 shares in the last quarter. Net Worth Advisory Group raised its holdings in shares of Carnival by 2.9% during the 4th quarter. Net Worth Advisory Group now owns 12,383 shares of the company’s stock worth $378,000 after buying an additional 354 shares in the last quarter. Triad Wealth Partners LLC raised its holdings in shares of Carnival by 2.1% during the 4th quarter. Triad Wealth Partners LLC now owns 17,464 shares of the company’s stock worth $533,000 after buying an additional 358 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Carnival by 3.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 10,540 shares of the company’s stock worth $322,000 after buying an additional 358 shares in the last quarter. Finally, StoneX Group Inc. raised its holdings in shares of Carnival by 4.9% during the 4th quarter. StoneX Group Inc. now owns 7,935 shares of the company’s stock worth $242,000 after buying an additional 368 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCL has been the subject of a number of research analyst reports. UBS Group reduced their price objective on Carnival from $38.00 to $35.00 and set a “buy” rating for the company in a report on Monday, April 13th. William Blair restated an “outperform” rating on shares of Carnival in a report on Tuesday, March 3rd. Morgan Stanley upgraded Carnival from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $33.00 to $31.00 in a report on Thursday, March 19th. Zacks Research upgraded Carnival from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Barclays reduced their price objective on Carnival from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.80.

Carnival Company Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.