Carnival Corp (CCL) Director Sells $267,225.60 in Stock

Carnival Corp (NYSE:CCL) Director Sir Jonathon Band sold 3,840 shares of the business’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 $267,225.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Carnival Corp (NYSE:CCL) opened at $68.56 on Friday. Carnival Corp has a fifty-two week low of $53.03 and a fifty-two week high of $69.89. The firm has a market cap of $36,736.91, a PE ratio of 17.95, a PEG ratio of 1.16 and a beta of 0.73. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29.

Carnival (NYSE:CCL) last announced 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 in the prior year, the business earned $0.67 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. sell-side analysts forecast that Carnival Corp 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 issued 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 currently 44.57%.

Several analysts recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Buckingham Research restated a “buy” rating and issued a $84.00 target price (up previously from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Deutsche Bank boosted their target price on shares of Carnival to $70.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Barclays boosted their target price on shares of Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research lowered shares of Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Carnival presently has a consensus rating of “Buy” and a consensus target price of $72.78.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Investors Inc. PA increased its position in shares of Carnival by 49.4% during the second quarter. Federated Investors Inc. PA now owns 8,169 shares of the company’s stock worth $536,000 after acquiring an additional 2,700 shares in the last quarter. Eaton Vance Management bought a new stake in shares of Carnival during the second quarter worth about $1,028,000. BlueMountain Capital Management LLC increased its position in shares of Carnival by 123.6% during the second quarter. BlueMountain Capital Management LLC now owns 18,240 shares of the company’s stock worth $1,196,000 after acquiring an additional 10,081 shares in the last quarter. Profund Advisors LLC increased its position in shares of Carnival by 20.7% during the second quarter. Profund Advisors LLC now owns 13,968 shares of the company’s stock worth $916,000 after acquiring an additional 2,399 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of Carnival by 7.3% during the second quarter. Thrivent Financial For Lutherans now owns 17,528 shares of the company’s stock worth $1,149,000 after acquiring an additional 1,198 shares in the last quarter. Hedge funds and other institutional investors own 75.91% 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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