Carnival Corp (NYSE:CCL) CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $64.49, for a total transaction of $322,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Arnold W. Donald also recently made the following trade(s):
- On Tuesday, January 9th, Arnold W. Donald sold 3,000 shares of Carnival stock. The shares were sold at an average price of $68.00, for a total transaction of $204,000.00.
Shares of Carnival stock opened at $65.51 on Friday. Carnival Corp has a 12-month low of $57.39 and a 12-month high of $72.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.19 and a quick ratio of 0.14. The stock has a market capitalization of $34,710.47, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.05 and a beta of 0.84.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.75%. Carnival’s dividend payout ratio (DPR) is 20.94%.
Institutional investors and hedge funds have recently modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new position in shares of Carnival during the 4th quarter worth approximately $123,000. Focused Wealth Management Inc purchased a new position in shares of Carnival during the 4th quarter worth approximately $133,000. Avestar Capital LLC purchased a new position in shares of Carnival during the 4th quarter worth approximately $148,000. Delpha Capital Management LLC purchased a new position in shares of Carnival during the 4th quarter worth approximately $173,000. Finally, First Allied Advisory Services Inc. purchased a new position in shares of Carnival during the 4th quarter worth approximately $215,000. 76.73% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on CCL. Credit Suisse Group raised their price objective on shares of Carnival from $78.10 to $79.50 and gave the company an “outperform” rating in a research report on Thursday, January 25th. ValuEngine upgraded shares of Carnival from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley raised their price objective on shares of Carnival from $68.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Buckingham Research restated a “buy” rating and issued a $84.00 price objective (up previously from $80.00) on shares of Carnival in a research report on Wednesday, December 20th. Finally, Stifel Nicolaus raised their price objective on shares of Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Seven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $74.33.
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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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