Carnival Corporation (NYSE:CCL) General Counsel Sells $1,009,903.94 in Stock

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.

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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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