David Bernstein Sells 4,340 Shares of Carnival Corp (NYSE:CCL) Stock

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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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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