Arnold W. Donald Sells 5,000 Shares of Carnival Corporation (CCL) Stock
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.
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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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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