Carnival Corporation (CCL) CFO Sells $731,500.00 in Stock

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.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the business earned $0.67 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. equities analysts predict that Carnival Corporation will post 4.25 earnings per share for the current fiscal year.

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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About Carnival

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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