Carnival Corporation (NYSE:CCL) General Counsel Arnaldo Perez sold 15,166 shares of the company’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $66.59, for a total transaction of $1,009,903.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Arnaldo Perez also recently made the following trade(s):

  • 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 transaction of $1,009,903.94.

Carnival Corporation (NYSE CCL) opened at $66.90 on Thursday. The company has a market cap of $47,930.00, a PE ratio of 18.64, a P/E/G ratio of 1.18 and a beta of 0.73. Carnival Corporation has a 12 month low of $52.24 and a 12 month high of $69.89. The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29.

Carnival (NYSE:CCL) last posted its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.12. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 EPS. analysts forecast that Carnival Corporation will post 4.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.69%. The ex-dividend date was Wednesday, November 22nd. This is an increase from Carnival’s previous quarterly dividend of $0.40. Carnival’s dividend payout ratio (DPR) is currently 44.57%.

A number of hedge funds have recently bought and sold shares of the stock. Pathstone Family Office LLC grew its holdings in Carnival by 200.0% during the 2nd quarter. Pathstone Family Office LLC now owns 57 shares of the company’s stock worth $2,493,000 after acquiring an additional 38 shares in the last quarter. YorkBridge Wealth Partners LLC grew its holdings in 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. Security National Bank of Sioux City Iowa IA grew its holdings in Carnival by 0.5% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 13,390 shares of the company’s stock worth $878,000 after acquiring an additional 65 shares in the last quarter. Scotia Capital Inc. grew its holdings in Carnival by 0.4% during the 2nd quarter. Scotia Capital Inc. now owns 16,604 shares of the company’s stock worth $1,089,000 after acquiring an additional 71 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Carnival by 0.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,096 shares of the company’s stock worth $1,055,000 after acquiring an additional 93 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors.

CCL has been the topic of a number of recent research reports. Instinet reaffirmed a “buy” rating and set a $75.00 price target on shares of Carnival in a research note on Monday, October 2nd. Nomura reaffirmed a “buy” rating and set a $75.00 price target on shares of Carnival in a research note on Friday, September 29th. Zacks Investment Research raised shares of Carnival from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Thursday, September 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $79.00 price target (up previously from $74.00) on shares of Carnival in a research note on Wednesday, September 27th. Finally, SunTrust Banks reissued a “buy” rating and issued a $84.00 target price (up previously from $72.00) on shares of Carnival in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $72.89.

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About Carnival

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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