Arnold W. Donald Sells 5,000 Shares of Carnival Corp (CCL) Stock

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):

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  • 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.

Carnival (NYSE:CCL) last issued its earnings results on Thursday, March 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. Carnival had a net margin of 14.73% and a return on equity of 11.97%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period last year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. sell-side analysts predict that Carnival Corp will post 4.35 earnings per share for the current year.

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.

Insider Buying and Selling by Quarter for Carnival (NYSE:CCL)

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