Arnaldo Perez Sells 10,369 Shares of Carnival Corporation (CCL) Stock
Carnival Corporation (NYSE:CCL) General Counsel Arnaldo Perez sold 10,369 shares of the business’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $69.11, for a total value of $716,601.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Arnaldo Perez also recently made the following trade(s):
- On Thursday, December 27th, Arnaldo Perez sold 15,166 shares of Carnival stock. The shares were sold at an average price of $66.59, for a total value of $1,009,903.94.
- On Wednesday, December 27th, Arnaldo Perez sold 15,166 shares of Carnival stock. The shares were sold at an average price of $66.59, for a total value of $1,009,903.94.
Carnival Corporation (CCL) opened at $68.52 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. Carnival Corporation has a 52 week low of $52.65 and a 52 week high of $69.89. The company has a market capitalization of $37,342.41, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73.
Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. equities research analysts forecast that Carnival Corporation will post 4.24 EPS for the current fiscal year.
A number of brokerages have recently weighed in on CCL. Stifel Nicolaus lifted their price target on Carnival from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, December 20th. Buckingham Research reiterated a “buy” rating and set a $84.00 price target (up previously from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Deutsche Bank lifted their price target on Carnival to $70.00 and gave the company a “hold” rating in a report on Wednesday, December 20th. Barclays lifted their price target on Carnival from $67.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research downgraded Carnival from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $72.78.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Grove Bank & Trust boosted its stake in shares of Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after acquiring an additional 1,600 shares in the last quarter. Smithfield Trust Co. boosted its stake in shares of Carnival by 826.2% during the 3rd quarter. Smithfield Trust Co. now owns 2,825 shares of the company’s stock worth $182,000 after acquiring an additional 2,520 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its stake in shares of Carnival by 1.4% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,926 shares of the company’s stock worth $191,000 after acquiring an additional 40 shares in the last quarter. Sun Life Financial INC boosted its stake in shares of Carnival by 23,315.4% during the 2nd quarter. Sun Life Financial INC now owns 3,044 shares of the company’s stock worth $200,000 after acquiring an additional 3,031 shares in the last quarter. Finally, Nine Chapters Capital Management LLC bought a new stake in shares of Carnival during the 3rd quarter worth about $200,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.
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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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