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.

Carnival (NYSE:CCL) last issued its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.67 earnings per share. equities research analysts forecast that Carnival Corporation will post 4.24 EPS for the current year.

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.

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

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