Carnival Corporation (NYSE:CCL) Director Sir Jonathon Band sold 3,840 shares of Carnival stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $69.59, for a total transaction of $267,225.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Carnival Corporation (CCL) traded down $0.43 during trading on Friday, hitting $69.02. 2,491,000 shares of the stock were exchanged, compared to its average volume of 3,047,075. 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 Corporation has a 52-week low of $53.03 and a 52-week high of $69.89. The stock has a market cap of $49,440.00, a P/E ratio of 19.23, a P/E/G ratio of 1.18 and a beta of 0.73.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. equities research analysts expect that Carnival Corporation will post 4.24 earnings per share for the current fiscal 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.61%. Carnival’s payout ratio is currently 44.57%.

A number of equities research analysts recently weighed in on the stock. Credit Suisse Group upgraded shares of Carnival from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $66.05 to $70.00 in a report on Tuesday, January 9th. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Tigress Financial reiterated a “buy” rating on shares of Carnival in a report on Friday, December 22nd. Barclays lifted their price objective on shares of Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, December 21st. Finally, Deutsche Bank lifted their price objective on shares of Carnival to $70.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Carnival presently has an average rating of “Buy” and a consensus price target of $72.78.

Institutional investors have recently modified their holdings of the company. Grove Bank & Trust grew its position in shares of Carnival by 367.8% in the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after buying an additional 1,600 shares during the last quarter. Smithfield Trust Co. grew its position in Carnival by 826.2% during the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after purchasing an additional 2,520 shares during the last quarter. YorkBridge Wealth Partners LLC grew its position in Carnival by 1.4% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after purchasing an additional 40 shares during the last quarter. Sun Life Financial INC grew its position in Carnival by 23,315.4% during the 2nd quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock worth $200,000 after purchasing an additional 3,031 shares during the last quarter. Finally, Nine Chapters Capital Management LLC purchased a new stake in Carnival during the 3rd quarter worth approximately $200,000. 75.91% of the stock is currently 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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