Carnival Corporation (NYSE:CCL) General Counsel Arnaldo Perez sold 10,369 shares of Carnival stock in a transaction on Friday, January 12th. The shares were sold at an average price of $69.11, for a total transaction of $716,601.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Arnaldo Perez also recently made the following trade(s):

  • On Thursday, December 27th, Arnaldo Perez sold 15,166 shares of Carnival stock. The shares were sold at an average price of $66.59, for a total transaction of $1,009,903.94.
  • On Wednesday, December 27th, Arnaldo Perez sold 15,166 shares of Carnival stock. The shares were sold at an average price of $66.59, for a total transaction of $1,009,903.94.

Carnival Corporation (CCL) traded down $1.17 during trading on Tuesday, reaching $68.52. 3,664,020 shares of the company traded hands, compared to its average volume of 3,077,440. Carnival Corporation has a 12-month low of $52.65 and a 12-month high of $69.89. The stock has a market cap of $49,090.00, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73. 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 (NYSE:CCL) last released its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 EPS. sell-side analysts predict that Carnival Corporation will post 4.24 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. Credit Suisse Group upgraded shares of Carnival from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $66.05 to $70.00 in a report on Tuesday, January 9th. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Tigress Financial reiterated a “buy” rating on shares of Carnival in a report on Friday, December 22nd. Barclays lifted their price target on shares of Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, December 21st. Finally, Deutsche Bank lifted their price target on shares of Carnival to $70.00 and gave the company a “hold” 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 assigned a strong buy rating to the company. Carnival has a consensus rating of “Buy” and an average target price of $72.78.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of Carnival by 2,540.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock worth $17,046,000 after purchasing an additional 253,997 shares during the last quarter. New England Research & Management Inc. increased its position in shares of Carnival by 104.6% in the 3rd quarter. New England Research & Management Inc. now owns 24,550 shares of the company’s stock worth $1,585,000 after purchasing an additional 12,550 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of Carnival in the 3rd quarter worth about $12,791,000. Mackenzie Financial Corp bought a new stake in shares of Carnival in the 3rd quarter worth about $3,096,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Carnival by 42.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,138,032 shares of the company’s stock worth $138,054,000 after purchasing an additional 641,103 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Carnival (NYSE:CCL)

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