Arnold W. Donald Sells 5,000 Shares of Carnival Corporation (NYSE:CCL) Stock

Carnival Corporation (NYSE:CCL) CEO Arnold W. Donald sold 5,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $65.57, for a total transaction of $327,850.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Arnold W. Donald also recently made the following trade(s):

  • On Monday, October 16th, Arnold W. Donald sold 90,903 shares of Carnival stock. The stock was sold at an average price of $67.41, for a total transaction of $6,127,771.23.

Shares of Carnival Corporation (NYSE CCL) traded down $0.11 on Friday, reaching $66.37. 1,877,017 shares of the company traded hands, compared to its average volume of 3,017,390. The company has a market capitalization of $35,622.38, a price-to-earnings ratio of 18.49, a PEG ratio of 1.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. Carnival Corporation has a 52-week low of $51.70 and a 52-week high of $69.89.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. research analysts expect that Carnival Corporation will post 4.25 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend was Wednesday, November 22nd. This is an increase from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio (DPR) is 44.57%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Carnival from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Tuesday, September 5th. Credit Suisse Group lowered shares of Carnival from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $78.00 to $70.00 in a research report on Friday, September 15th. Stifel Nicolaus increased their price target on shares of Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Buckingham Research reissued a “buy” rating and issued a $84.00 price target (up from $80.00) on shares of Carnival in a research report on Wednesday, December 20th. Finally, Deutsche Bank increased their price target on shares of Carnival to $70.00 and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Carnival presently has an average rating of “Buy” and an average price target of $72.89.

A number of hedge funds have recently made changes to their positions in the business. Pathstone Family Office LLC grew its holdings in Carnival by 200.0% during the second quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock valued at $2,493,000 after purchasing an additional 38 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake in shares of Carnival by 1.4% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after acquiring an additional 40 shares during the last quarter. Security National Bank of Sioux City Iowa IA grew its stake in shares of Carnival by 0.5% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 13,390 shares of the company’s stock worth $878,000 after acquiring an additional 65 shares during the last quarter. Scotia Capital Inc. grew its stake in shares of Carnival by 0.4% in the second quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock worth $1,089,000 after acquiring an additional 71 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Carnival by 1.7% in the second quarter. Ballentine Partners LLC now owns 4,523 shares of the company’s stock worth $305,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.

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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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