Carnival Corporation (CCL) CFO Sells $180,934.00 in Stock
Carnival Corporation (NYSE:CCL) CFO David Bernstein sold 2,600 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $69.59, for a total transaction of $180,934.00. Following the sale, the chief financial officer now directly owns 34,620 shares of the company’s stock, valued at approximately $2,409,205.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
David Bernstein also recently made the following trade(s):
- On Friday, January 12th, David Bernstein sold 4,340 shares of Carnival stock. The shares were sold at an average price of $69.11, for a total transaction of $299,937.40.
- On Thursday, January 4th, David Bernstein sold 11,000 shares of Carnival stock. The shares were sold at an average price of $66.50, for a total transaction of $731,500.00.
- On Thursday, December 27th, David Bernstein sold 25,526 shares of Carnival stock. The shares were sold at an average price of $66.59, for a total transaction of $1,699,776.34.
- On Thursday, December 28th, David Bernstein sold 51,454 shares of Carnival stock. The shares were sold at an average price of $66.76, for a total transaction of $3,435,069.04.
Shares of Carnival Corporation (CCL) traded down $0.43 on Friday, hitting $69.02. 2,491,000 shares of the stock traded hands, compared to its average volume of 3,047,075. The firm has a market capitalization of $49,440.00, a PE ratio of 19.23, a PEG ratio of 1.18 and a beta of 0.73. Carnival Corporation has a 1-year low of $53.03 and a 1-year high of $69.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.61%. Carnival’s dividend payout ratio is presently 44.57%.
A number of brokerages recently issued reports on CCL. Zacks Investment Research lowered shares of Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Credit Suisse Group reissued a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Deutsche Bank reissued a “hold” rating and issued a $61.00 price objective (down previously from $62.00) on shares of Carnival in a report on Wednesday, September 27th. Stifel Nicolaus upped their price objective on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Finally, SunTrust Banks reissued a “buy” rating and issued a $84.00 price objective (up previously from $72.00) on shares of Carnival in a report on Tuesday, December 19th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.78.
Institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of Carnival by 2,540.0% during the third 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 in the last quarter. New England Research & Management Inc. raised its holdings in Carnival by 104.6% in the third quarter. New England Research & Management Inc. now owns 24,550 shares of the company’s stock valued at $1,585,000 after acquiring an additional 12,550 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Carnival in the third quarter valued at approximately $12,791,000. Mackenzie Financial Corp acquired a new stake in Carnival in the third quarter valued at approximately $3,096,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Carnival by 42.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,138,032 shares of the company’s stock valued at $138,054,000 after acquiring an additional 641,103 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.
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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.
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