Investors sold shares of Carnival Cruise Line (NYSE:CCL) on strength during trading on Friday. $32.39 million flowed into the stock on the tick-up and $42.17 million flowed out of the stock on the tick-down, for a money net flow of $9.78 million out of the stock. Of all companies tracked, Carnival Cruise Line had the 0th highest net out-flow for the day. Carnival Cruise Line traded up $0.82 for the day and closed at $65.88

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Carnival Cruise Line from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. JPMorgan Chase raised their price objective on shares of Carnival Cruise Line from $75.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, March 23rd. Stifel Nicolaus lifted their price target on shares of Carnival Cruise Line from $80.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, March 19th. Wells Fargo lifted their price target on shares of Carnival Cruise Line from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Finally, Morgan Stanley lifted their price target on shares of Carnival Cruise Line from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $74.54.

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.14 and a current ratio of 0.19. The company has a market cap of $35,191.25, a P/E ratio of 16.64, a P/E/G ratio of 1.04 and a beta of 0.84.

Carnival Cruise Line (NYSE:CCL) last posted its quarterly earnings data on Thursday, March 22nd. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.09. Carnival Cruise Line had a net margin of 14.73% and a return on equity of 11.97%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. analysts anticipate that Carnival Cruise Line will post 4.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 25th will be paid a $0.50 dividend. This is a positive change from Carnival Cruise Line’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, May 24th. This represents a $2.00 annualized dividend and a dividend yield of 3.04%. Carnival Cruise Line’s dividend payout ratio (DPR) is presently 20.94%.

In other news, General Counsel Arnaldo Perez sold 8,567 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $68.73, for a total value of $588,809.91. Following the completion of the transaction, the general counsel now owns 32,365 shares of the company’s stock, valued at $2,224,446.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Glasier sold 4,234 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $68.23, for a total transaction of $288,885.82. The disclosure for this sale can be found here. In the last three months, insiders sold 54,971 shares of company stock valued at $3,731,450. Insiders own 23.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in Carnival Cruise Line in the fourth quarter worth approximately $123,000. Focused Wealth Management Inc purchased a new position in Carnival Cruise Line in the fourth quarter worth approximately $133,000. Avestar Capital LLC purchased a new position in Carnival Cruise Line in the fourth quarter worth approximately $148,000. Delpha Capital Management LLC purchased a new position in Carnival Cruise Line in the fourth quarter worth approximately $173,000. Finally, First Allied Advisory Services Inc. purchased a new position in Carnival Cruise Line in the fourth quarter worth approximately $215,000. 76.74% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Investors Sell Carnival Cruise Line (CCL) on Strength (CCL)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/04/22/investors-sell-carnival-cruise-line-ccl-on-strength-ccl.html.

Carnival Cruise Line Company Profile

Carnival Corporation operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn brands in North America; and AIDA, Costa, P&O Cruises (Australia), Cunard, and P&O Cruises (UK) brands in Europe, Australia, and Asia.

Receive News & Ratings for Carnival Cruise Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Cruise Line and related companies with MarketBeat.com's FREE daily email newsletter.