Carnival Corporation (NYSE:CCL) General Counsel Arnaldo Perez sold 15,166 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total transaction of $1,009,903.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Arnaldo Perez also recently made the following trade(s):
- On Thursday, December 27th, Arnaldo Perez sold 15,166 shares of Carnival stock. The shares were sold at an average price of $66.59, for a total transaction of $1,009,903.94.
Carnival Corporation (NYSE:CCL) opened at $69.69 on Friday. The firm has a market cap of $37,342.41, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73. 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 Corporation has a 12 month low of $52.65 and a 12 month high of $69.89.
Carnival (NYSE:CCL) last posted its earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 earnings per share. equities research analysts expect that Carnival Corporation will post 4.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.58%. This is an increase from Carnival’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, November 22nd. Carnival’s payout ratio is currently 44.57%.
A number of equities research analysts have recently issued reports on the stock. 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 restated a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Deutsche Bank restated a “hold” rating and set a $61.00 price target (down previously from $62.00) on shares of Carnival in a report on Wednesday, September 27th. Stifel Nicolaus boosted their price target 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 restated a “buy” rating and set a $84.00 price target (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 assigned a buy rating and one has assigned a strong buy rating to the company. Carnival currently has a consensus rating of “Buy” and a consensus target price of $72.78.
A number of hedge funds have recently bought and sold shares of the business. Bristol Advisors LLC grew its position in Carnival by 110.8% in the fourth quarter. Bristol Advisors LLC now owns 7,800 shares of the company’s stock worth $518,000 after acquiring an additional 4,100 shares in the last quarter. Appleton Partners Inc. MA grew its position in Carnival by 7.8% in the fourth quarter. Appleton Partners Inc. MA now owns 70,895 shares of the company’s stock worth $4,705,000 after acquiring an additional 5,160 shares in the last quarter. First Citizens Bank & Trust Co. grew its position in Carnival by 7.5% in the fourth quarter. First Citizens Bank & Trust Co. now owns 52,159 shares of the company’s stock worth $3,462,000 after acquiring an additional 3,642 shares in the last quarter. Sit Investment Associates Inc. bought a new stake in Carnival in the fourth quarter worth approximately $14,100,000. Finally, New England Research & Management Inc. grew its position in Carnival by 26.1% in the fourth quarter. New England Research & Management Inc. now owns 30,950 shares of the company’s stock worth $2,054,000 after acquiring an additional 6,400 shares in the last quarter. 75.91% of the stock is owned by institutional investors.
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.
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