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Carnival Corp Sees Unusually High Options Volume (CCL)

Carnival Corp (NYSE:CCL) saw unusually large options trading activity on Monday. Investors acquired 1,108 call options on the company. This is an increase of 343% compared to the average daily volume of 250 call options.

In other Carnival Corp news, insider Alan Buckelew sold 31,158 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $55.88, for a total value of $1,741,109.04. Following the completion of the transaction, the insider now directly owns 211,520 shares of the company’s stock, valued at $11,819,737.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Arnold W. Donald sold 32,049 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $55.88, for a total transaction of $1,790,898.12. Following the completion of the transaction, the chief executive officer now directly owns 599,913 shares of the company’s stock, valued at $33,523,138.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 125,206 shares of company stock valued at $7,112,793. Insiders own 22.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Carnival Corp by 2,672.9% in the first quarter. BlackRock Inc. now owns 27,919,132 shares of the company’s stock valued at $1,644,716,000 after buying an additional 26,912,293 shares during the period. Norges Bank acquired a new stake in shares of Carnival Corp during the fourth quarter valued at about $222,852,000. Capital World Investors increased its stake in shares of Carnival Corp by 1,172.4% in the third quarter. Capital World Investors now owns 3,690,000 shares of the company’s stock valued at $180,146,000 after buying an additional 3,400,000 shares during the period. Henderson Group PLC increased its stake in shares of Carnival Corp by 235.5% in the third quarter. Henderson Group PLC now owns 3,355,451 shares of the company’s stock valued at $163,796,000 after buying an additional 2,355,220 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Carnival Corp by 129.9% in the first quarter. Ameriprise Financial Inc. now owns 3,395,780 shares of the company’s stock valued at $201,341,000 after buying an additional 1,918,638 shares during the period. 79.45% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on CCL shares. Zacks Investment Research raised shares of Carnival Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, February 14th. Argus raised shares of Carnival Corp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $56.03 to $64.00 in a research note on Monday, February 27th. William Blair raised shares of Carnival Corp from a “market perform” rating to an “outperform” rating in a research note on Monday, March 20th. Wells Fargo & Co raised shares of Carnival Corp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 21st. Finally, Stifel Nicolaus boosted their price target on shares of Carnival Corp from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, March 22nd. One investment 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. The stock has a consensus rating of “Buy” and a consensus price target of $57.28.

Shares of Carnival Corp (NYSE:CCL) traded up 0.48% on Tuesday, reaching $61.20. 3,172,267 shares of the company traded hands. Carnival Corp has a one year low of $42.94 and a one year high of $63.41. The firm has a 50-day moving average price of $60.09 and a 200 day moving average price of $55.37. The company has a market capitalization of $44.43 billion, a PE ratio of 15.08 and a beta of 0.73.

Carnival Corp (NYSE:CCL) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $0.38 EPS for the quarter, topping the 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 firm had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts forecast that Carnival Corp will post $3.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 26th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, May 24th. This represents a $1.60 annualized dividend and a dividend yield of 2.61%. This is an increase from Carnival Corp’s previous quarterly dividend of $0.35. Carnival Corp’s dividend payout ratio (DPR) is 37.43%.

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About Carnival Corp

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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