Arnaldo Perez Sells 7,000 Shares of Carnival Corp (CCL) Stock

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):

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  • 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.

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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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