Carnival Corp (NYSE:CCL) General Counsel Arnaldo Perez sold 7,000 shares of Carnival stock in a transaction on Monday, April 16th. The stock was sold at an average price of $64.01, for a total value of $448,070.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Arnaldo Perez also recently made the following trade(s):
- On Tuesday, February 13th, Arnaldo Perez sold 8,567 shares of Carnival stock. The stock was sold at an average price of $68.73, for a total value of $588,809.91.
CCL stock traded up $0.11 during midday trading on Tuesday, reaching $64.19. The company had a trading volume of 3,185,863 shares, compared to its average volume of 3,406,849. The company has a market cap of $33,620.76, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.02 and a beta of 0.84. Carnival Corp has a 1-year low of $57.97 and a 1-year high of $72.70. The company has a quick ratio of 0.14, a current ratio of 0.19 and a debt-to-equity ratio of 0.31.
Carnival (NYSE:CCL) last released 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 return on equity of 11.97% and a net margin of 14.73%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. analysts anticipate that Carnival Corp will post 4.37 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, May 25th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, May 24th. This is a boost from Carnival’s previous quarterly dividend of $0.45. Carnival’s payout ratio is currently 20.94%.
A number of institutional investors have recently added to or reduced their stakes in CCL. GSA Capital Partners LLP grew its position in Carnival by 40.8% in the third quarter. GSA Capital Partners LLP now owns 7,504 shares of the company’s stock valued at $485,000 after acquiring an additional 2,173 shares during the last quarter. AXA grew its position in Carnival by 8.2% in the third quarter. AXA now owns 183,604 shares of the company’s stock valued at $11,855,000 after acquiring an additional 13,838 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Carnival by 14.9% in the third quarter. Parametric Portfolio Associates LLC now owns 811,948 shares of the company’s stock valued at $52,427,000 after acquiring an additional 104,989 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd grew its position in Carnival by 16.8% in the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 15,300 shares of the company’s stock valued at $1,015,000 after acquiring an additional 2,200 shares during the last quarter. Finally, New England Research & Management Inc. grew its position in Carnival by 26.1% in the fourth quarter. New England Research & Management Inc. now owns 30,950 shares of the company’s stock valued at $2,054,000 after acquiring an additional 6,400 shares during the last quarter. Hedge funds and other institutional investors own 76.74% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Credit Suisse Group lifted their target price on Carnival from $78.10 to $79.50 and gave the stock an “outperform” rating in a report on Thursday, January 25th. ValuEngine raised Carnival from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Morgan Stanley lifted their target price on Carnival from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 2nd. Buckingham Research reissued a “buy” rating and set a $84.00 target price (up previously from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Finally, Stifel Nicolaus lifted their target price on Carnival from $79.00 to $80.00 and gave the stock a “buy” rating in a 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 stock. The company has an average rating of “Buy” and an average price target of $74.54.
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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