Carnival Corp (NYSE:CCL) CFO David Bernstein sold 5,999 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $68.73, for a total transaction of $412,311.27. Following the completion of the sale, the chief financial officer now owns 43,775 shares of the company’s stock, valued at approximately $3,008,655.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
David Bernstein also recently made the following trade(s):
- On Tuesday, January 16th, David Bernstein sold 2,600 shares of Carnival stock. The shares were sold at an average price of $69.59, for a total transaction of $180,934.00.
- On Friday, January 12th, David Bernstein sold 4,340 shares of Carnival stock. The shares were sold at an average price of $69.11, for a total transaction of $299,937.40.
- On Thursday, January 4th, David Bernstein sold 11,000 shares of Carnival stock. The shares were sold at an average price of $66.50, for a total transaction of $731,500.00.
- On Wednesday, December 27th, David Bernstein sold 25,526 shares of Carnival stock. The shares were sold at an average price of $66.59, for a total transaction of $1,699,776.34.
- On Thursday, December 28th, David Bernstein sold 51,454 shares of Carnival stock. The shares were sold at an average price of $66.76, for a total transaction of $3,435,069.04.
Carnival Corp (NYSE CCL) opened at $69.50 on Friday. The company has a market cap of $37,124.95, a P/E ratio of 18.19, a P/E/G ratio of 1.17 and a beta of 0.75. Carnival Corp has a fifty-two week low of $54.75 and a fifty-two week high of $72.70. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29.
Carnival (NYSE:CCL) last released its quarterly earnings data 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%. Carnival’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $0.67 EPS. analysts predict that Carnival Corp will post 4.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is presently 32.03%.
CCL has been the subject of several analyst reports. Zacks Investment Research lowered shares of Carnival from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Morgan Stanley upgraded shares of Carnival from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $65.94 to $68.00 in a research note on Wednesday, December 6th. Credit Suisse Group set a $72.00 price objective on shares of Carnival and gave the company a “hold” rating in a research note on Tuesday, December 12th. SunTrust Banks restated a “buy” rating and set a $84.00 price target (up previously from $72.00) on shares of Carnival in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised their price target on shares of Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Seven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $73.82.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Carnival by 26.3% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,594 shares of the company’s stock worth $637,000 after buying an additional 2,000 shares during the period. Wunderlich Capital Managemnt boosted its holdings in Carnival by 14.4% in the 4th quarter. Wunderlich Capital Managemnt now owns 23,057 shares of the company’s stock worth $1,530,000 after buying an additional 2,908 shares during the period. CapWealth Advisors LLC boosted its holdings in Carnival by 2.3% in the 4th quarter. CapWealth Advisors LLC now owns 183,222 shares of the company’s stock worth $12,160,000 after buying an additional 4,096 shares during the period. MetLife Investment Advisors LLC bought a new position in Carnival in the 4th quarter worth approximately $8,375,000. Finally, Gotham Asset Management LLC bought a new position in Carnival in the 4th quarter worth approximately $30,701,000. 75.07% 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.
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