Carnival Corp (NYSE:CCL) Director Richard Glasier sold 6,000 shares of the company’s stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $58.29, for a total transaction of $349,740.00. Following the completion of the sale, the director now directly owns 26,684 shares in the company, valued at $1,555,410.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Carnival Corp (NYSE:CCL) opened at 61.20 on Wednesday. The company has a market capitalization of $44.43 billion, a PE ratio of 15.08 and a beta of 0.73. The stock has a 50 day moving average price of $60.09 and a 200 day moving average price of $55.37. Carnival Corp has a 52-week low of $42.94 and a 52-week high of $63.41.
Carnival Corp (NYSE:CCL) last posted its earnings results on Tuesday, March 28th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.03. Carnival Corp had a return on equity of 11.35% and a net margin of 16.96%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company earned $0.39 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts predict that Carnival Corp will post $3.71 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 26th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Wednesday, May 24th. This is a positive change from Carnival Corp’s previous quarterly dividend of $0.35. Carnival Corp’s dividend payout ratio (DPR) is currently 37.43%.
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Several hedge funds and other institutional investors have recently bought and sold shares of CCL. Dubuque Bank & Trust Co. bought a new position in Carnival Corp during the first quarter worth $106,000. Rowland & Co. Investment Counsel ADV raised its position in Carnival Corp by 0.4% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,315 shares of the company’s stock worth $113,000 after buying an additional 9 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in Carnival Corp during the first quarter worth $138,000. Independent Advisor Alliance bought a new position in Carnival Corp during the fourth quarter worth $128,000. Finally, Harbour Capital Advisors LLC bought a new position in Carnival Corp during the first quarter worth $147,000. Institutional investors own 79.45% of the company’s stock.
Several analysts have weighed in on the stock. William Blair upgraded shares of Carnival Corp from a “market perform” rating to an “outperform” rating in a research note on Monday, March 20th. Argus upgraded shares of Carnival Corp from a “hold” rating to a “buy” rating and upped their price target for the stock from $56.03 to $64.00 in a research report on Monday, February 27th. Stifel Nicolaus upped their price target on shares of Carnival Corp from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, March 29th. Instinet upped their price target on shares of Carnival Corp from $61.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, March 29th. Finally, Wells Fargo & Co upgraded shares of Carnival Corp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Carnival Corp has an average rating of “Buy” and a consensus price target of $57.28.
Carnival Corp 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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