Carnival Corporation (NYSE:CCL) Director Sir Jonathon Band sold 3,840 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $69.59, for a total transaction of $267,225.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Carnival Corporation (CCL) opened at $68.56 on Friday. Carnival Corporation has a 12 month low of $53.03 and a 12 month high of $69.89. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29. The stock has a market cap of $36,983.40, a P/E ratio of 19.10, a P/E/G ratio of 1.17 and a beta of 0.73.

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 analysts’ consensus estimates 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 firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. equities research analysts forecast that Carnival Corporation will post 4.24 EPS for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date is Thursday, February 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.63%. Carnival’s dividend payout ratio is presently 44.57%.

Several research analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Susquehanna Bancshares raised their price objective on shares of Carnival from $75.00 to $76.00 and gave the company a “positive” rating in a research note on Monday, September 25th. Credit Suisse Group reissued a “neutral” rating on shares of Carnival in a research note on Thursday, September 28th. Instinet reissued a “buy” rating and issued a $75.00 price objective on shares of Carnival in a research note on Monday, October 2nd. Finally, Barclays lifted their price target on shares of Carnival from $67.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 21st. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $72.78.

Large investors 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 3rd quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock worth $17,046,000 after buying an additional 253,997 shares during the last quarter. New England Research & Management Inc. lifted its position in shares of Carnival by 104.6% during the 3rd quarter. New England Research & Management Inc. now owns 24,550 shares of the company’s stock worth $1,585,000 after buying an additional 12,550 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Carnival during the 3rd quarter worth approximately $12,791,000. Mackenzie Financial Corp purchased a new stake in shares of Carnival during the 3rd quarter worth approximately $3,096,000. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Carnival by 42.8% during 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 buying an additional 641,103 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

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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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