Carnival Corp (NYSE:CCL) CFO David Bernstein sold 4,340 shares of Carnival stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $69.11, for a total value of $299,937.40. Following the completion of the transaction, the chief financial officer now directly owns 26,103 shares in the company, valued at $1,803,978.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
David Bernstein also recently made the following trade(s):
- On Tuesday, January 16th, David Bernstein sold 2,600 shares of Carnival stock. The stock was sold at an average price of $69.59, for a total value of $180,934.00.
- On Thursday, January 4th, David Bernstein sold 11,000 shares of Carnival stock. The stock was sold at an average price of $66.50, for a total value of $731,500.00.
- On Wednesday, 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 Corp (CCL) traded up $0.31 during midday trading on Friday, hitting $67.07. The stock had a trading volume of 5,190,000 shares, compared to its average volume of 3,260,000. The company has a market capitalization of $48,180.00, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.16 and a beta of 0.75. Carnival Corp has a 52-week low of $54.75 and a 52-week high of $72.70. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18.
Carnival (NYSE:CCL) last released its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. equities analysts expect that Carnival Corp will post 4.27 EPS for the current year.
The company 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 2.68%. Carnival’s dividend payout ratio is 32.03%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in Carnival during the fourth quarter worth $123,000. Grove Bank & Trust grew its holdings in Carnival by 367.8% during the third quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after buying an additional 1,600 shares in the last quarter. Smithfield Trust Co. grew its holdings in Carnival by 826.2% during the third quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after buying an additional 2,520 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in Carnival by 1.4% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after buying an additional 40 shares in the last quarter. Finally, Sun Life Financial INC grew its holdings in Carnival by 23,315.4% during the second quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock worth $200,000 after buying an additional 3,031 shares in the last quarter. Hedge funds and other institutional investors own 75.65% of the company’s stock.
A number of equities analysts recently commented on CCL shares. Buckingham Research reaffirmed a “buy” rating and issued a $84.00 price objective (up from $80.00) on shares of Carnival in a research note on Wednesday, December 20th. Credit Suisse Group raised Carnival from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $66.05 to $70.00 in a research note on Tuesday, January 9th. Morgan Stanley raised Carnival from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $65.94 to $68.00 in a research note on Wednesday, December 6th. Tigress Financial reissued a “buy” rating on shares of Carnival in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised Carnival from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $73.45.
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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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