Carnival Corporation (NYSE:CCL) CFO David Bernstein sold 11,000 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $66.50, for a total value of $731,500.00. Following the completion of the transaction, the chief financial officer now directly owns 30,443 shares of the company’s stock, valued at $2,024,459.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
David Bernstein also recently made the following trade(s):
- On Thursday, December 27th, David Bernstein sold 25,526 shares of Carnival stock. The stock was sold at an average price of $66.59, for a total value of $1,699,776.34.
- On Thursday, December 28th, David Bernstein sold 51,454 shares of Carnival stock. The stock was sold at an average price of $66.76, for a total value of $3,435,069.04.
Carnival Corporation (CCL) traded down $0.60 during mid-day trading on Friday, reaching $66.25. The company’s stock had a trading volume of 2,432,188 shares, compared to its average volume of 2,880,833. Carnival Corporation has a 1 year low of $52.65 and a 1 year high of $69.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. The stock has a market capitalization of $47,390.00, a P/E ratio of 18.45, a PEG ratio of 1.19 and a beta of 0.73.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Wednesday, November 22nd. This is an increase from Carnival’s previous quarterly dividend of $0.40. Carnival’s payout ratio is 44.57%.
A number of equities research analysts have recently commented on CCL shares. Zacks Investment Research downgraded Carnival from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Credit Suisse Group downgraded Carnival from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $78.00 to $70.00 in a research report on Friday, September 15th. Barclays lifted their price objective on Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a research report on Thursday, December 21st. Morgan Stanley raised Carnival from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $65.94 to $68.00 in a research report on Wednesday, December 6th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Carnival in a research report on Friday, December 22nd. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $72.89.
A number of hedge funds have recently bought and sold shares of CCL. Assenagon Asset Management S.A. lifted its stake in shares of Carnival by 2,540.0% during the third quarter. Assenagon Asset Management S.A. now owns 263,997 shares of the company’s stock worth $17,046,000 after purchasing an additional 253,997 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Carnival by 14.7% during the second quarter. Victory Capital Management Inc. now owns 34,549 shares of the company’s stock worth $2,265,000 after purchasing an additional 4,422 shares in the last quarter. New England Research & Management Inc. lifted its stake in shares of Carnival by 104.6% during the third quarter. New England Research & Management Inc. now owns 24,550 shares of the company’s stock worth $1,585,000 after purchasing an additional 12,550 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of Carnival during the third quarter worth about $12,791,000. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Carnival by 40.6% during the second quarter. TIAA CREF Investment Management LLC now owns 2,673,888 shares of the company’s stock worth $175,327,000 after purchasing an additional 772,701 shares in the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.
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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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