Carnival Corporation (NYSE:CCL) CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $65.57, for a total transaction of $327,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, October 16th, Arnold W. Donald sold 90,903 shares of Carnival stock. The stock was sold at an average price of $67.41, for a total transaction of $6,127,771.23.

Carnival Corporation (CCL) opened at $66.06 on Thursday. The stock has a market cap of $35,333.03, a price-to-earnings ratio of 17.08, a P/E/G ratio of 1.18 and a beta of 0.73. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. Carnival Corporation has a fifty-two week low of $50.77 and a fifty-two week high of $69.89.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. The business had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.39 billion. Carnival had a net margin of 15.53% and a return on equity of 12.15%. Carnival’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 earnings per share. equities analysts expect that Carnival Corporation will post 3.7 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a $0.45 dividend. This is a positive change from Carnival’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, November 22nd. This represents a $1.80 annualized dividend and a yield of 2.72%. Carnival’s payout ratio is presently 43.72%.

A number of hedge funds have recently added to or reduced their stakes in CCL. Almanack Investment Partners LLC. acquired a new position in shares of Carnival during the second quarter valued at about $117,000. Grove Bank & Trust raised its holdings in shares of Carnival by 367.8% during the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock valued at $131,000 after purchasing an additional 1,600 shares during the period. Bessemer Group Inc. raised its holdings in shares of Carnival by 109.4% during the second quarter. Bessemer Group Inc. now owns 2,618 shares of the company’s stock valued at $171,000 after purchasing an additional 1,368 shares during the period. Smithfield Trust Co. raised its holdings in shares of Carnival by 826.2% during the third quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock valued at $182,000 after purchasing an additional 2,520 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its holdings in shares of Carnival by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $191,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

CCL has been the topic of a number of recent research reports. Nomura reiterated a “buy” rating and set a $75.00 price target on shares of Carnival in a report on Friday, September 29th. Instinet reiterated a “buy” rating and set a $75.00 price target on shares of Carnival in a report on Monday, October 2nd. Argus reiterated a “neutral” rating and set a $67.00 price target (down previously from $78.00) on shares of Carnival in a report on Thursday, September 28th. Credit Suisse Group reiterated a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price target (up previously from $74.00) on shares of Carnival in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Carnival presently has an average rating of “Buy” and a consensus target price of $67.73.

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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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