CCL has been the topic of several other research reports. ValuEngine upgraded Carnival from a hold rating to a buy rating in a report on Friday, February 2nd. Stifel Nicolaus raised their price objective 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. Wells Fargo & Co raised their price objective on shares of Carnival from $77.00 to $80.00 and gave the stock an outperform rating in a research note on Monday, February 12th. Barclays raised their price objective on shares of Carnival from $67.00 to $73.00 and gave the stock an equal weight rating in a research note on Thursday, December 21st. Finally, Zacks Investment Research downgraded shares of Carnival from a hold rating to a sell rating in a research note on Tuesday, November 28th. 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 stock. Carnival currently has a consensus rating of Buy and an average price target of $73.84.
Carnival (NYSE:CCL) opened at $66.91 on Friday. Carnival has a twelve month low of $55.07 and a twelve month high of $72.70. The company has a current ratio of 0.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $47,850.00, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a $0.45 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.80 annualized dividend and a yield of 2.69%. Carnival’s dividend payout ratio (DPR) is currently 50.14%.
In related news, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $65.57, for a total value of $327,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Bernstein sold 11,000 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $66.50, for a total value of $731,500.00. Following the completion of the transaction, the chief financial officer now directly owns 30,443 shares of the company’s stock, valued at $2,024,459.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 336,364 shares of company stock valued at $22,622,361. 23.80% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Boothbay Fund Management LLC lifted its position in Carnival by 6.5% in the third quarter. Boothbay Fund Management LLC now owns 12,888 shares of the company’s stock worth $832,000 after purchasing an additional 788 shares during the period. Global X Management Co. LLC lifted its holdings in shares of Carnival by 11.0% during the fourth quarter. Global X Management Co. LLC now owns 8,385 shares of the company’s stock valued at $557,000 after acquiring an additional 830 shares during the period. HL Financial Services LLC lifted its holdings in shares of Carnival by 7.9% during the fourth quarter. HL Financial Services LLC now owns 11,465 shares of the company’s stock valued at $761,000 after acquiring an additional 840 shares during the period. Vident Investment Advisory LLC lifted its holdings in shares of Carnival by 1.9% during the third quarter. Vident Investment Advisory LLC now owns 46,477 shares of the company’s stock valued at $3,001,000 after acquiring an additional 878 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Carnival by 1.6% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 57,475 shares of the company’s stock valued at $3,711,000 after acquiring an additional 900 shares during the period. 75.61% of the stock is owned by hedge funds and other 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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