Carnival Corporation (NYSE:CCL) CEO Arnold W. Donald sold 90,903 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $67.41, for a total value of $6,127,771.23. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Carnival Corporation (NYSE CCL) opened at 65.88 on Friday. Carnival Corporation has a one year low of $46.11 and a one year high of $69.89. The firm has a market capitalization of $47.50 billion, a PE ratio of 17.92 and a beta of 0.71. The stock has a 50 day moving average price of $66.13 and a 200-day moving average price of $64.82.

Carnival Corporation (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.09. Carnival Corporation had a return on equity of 12.15% and a net margin of 15.53%. The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the prior year, the company earned $1.92 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that Carnival Corporation will post $3.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.73%. Carnival Corporation’s dividend payout ratio is presently 43.72%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCL. FMR LLC lifted its stake in Carnival Corporation by 8.0% during the first quarter. FMR LLC now owns 226,744 shares of the company’s stock worth $13,358,000 after purchasing an additional 16,719 shares during the last quarter. Teachers Advisors LLC lifted its stake in Carnival Corporation by 4.0% during the first quarter. Teachers Advisors LLC now owns 1,313,131 shares of the company’s stock worth $77,357,000 after purchasing an additional 50,283 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake in Carnival Corporation by 11.1% during the first quarter. Thrivent Financial For Lutherans now owns 16,330 shares of the company’s stock worth $962,000 after purchasing an additional 1,630 shares during the last quarter. Global X Management Co. LLC lifted its stake in Carnival Corporation by 29.4% during the first quarter. Global X Management Co. LLC now owns 4,794 shares of the company’s stock worth $282,000 after purchasing an additional 1,088 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new stake in Carnival Corporation during the first quarter worth $23,323,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.

CCL has been the subject of several recent analyst reports. HSBC Holdings plc restated a “buy” rating and set a $71.00 target price (up previously from $65.00) on shares of Carnival Corporation in a research note on Monday, June 26th. Zacks Investment Research upgraded Carnival Corporation from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Tuesday, September 5th. Wedbush reiterated a “neutral” rating and issued a $66.00 price objective (up previously from $61.00) on shares of Carnival Corporation in a research report on Sunday, June 25th. Credit Suisse Group downgraded Carnival Corporation from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $78.00 to $70.00 in a research report on Friday, September 15th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $62.00 price objective (up previously from $58.00) on shares of Carnival Corporation in a research report on Sunday, June 25th. Nine investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Carnival Corporation currently has an average rating of “Buy” and a consensus price target of $66.24.

Carnival Corporation 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 Corporation (NYSE:CCL)

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