Carnival Corporation (CCL) Director Sells $267,225.60 in Stock
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.
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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