Key Points
- Carnival director Sir Jonathon Band sold 11,988 shares on April 1 at an average price of $26.19 for roughly $313,966, cutting his ownership by 18.56% to 52,601 shares valued at about $1.38M.
- Carnival recently beat quarterly estimates, reporting $0.20 EPS vs. $0.18 expected and $6.17B in revenue, while the stock trades at a $4.82B market cap with a PE of 11.37 and has seen analyst sentiment lift (Weiss upgraded to "buy").
Carnival Corporation (NYSE:CUK - Get Free Report) Director Sir Jonathon Band sold 11,988 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $26.19, for a total transaction of $313,965.72. Following the transaction, the director owned 52,601 shares of the company's stock, valued at approximately $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Sir Jonathon Band also recently made the following trade(s):
- On Tuesday, March 31st, Sir Jonathon Band sold 12 shares of Carnival stock. The shares were sold at an average price of $24.98, for a total value of $299.76.
Carnival Price Performance
Carnival stock opened at $25.59 on Friday. The stock has a 50-day moving average price of $28.58 and a two-hundred day moving average price of $27.42. The company has a market capitalization of $4.82 billion, a PE ratio of 11.37 and a beta of 2.51. Carnival Corporation has a 12 month low of $13.65 and a 12 month high of $33.72. The company has a current ratio of 0.30, a quick ratio of 0.28 and a debt-to-equity ratio of 1.82.
Carnival (NYSE:CUK - Get Free Report) last posted its earnings results on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. Analysts expect that Carnival Corporation will post 1.7 EPS for the current year.
Institutional Investors Weigh In On Carnival
Several large investors have recently made changes to their positions in CUK. Vanguard Personalized Indexing Management LLC increased its holdings in Carnival by 2.7% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 14,291 shares of the company's stock worth $433,000 after buying an additional 382 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Carnival by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,717 shares of the company's stock valued at $44,000 after acquiring an additional 459 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Carnival by 120.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 980 shares of the company's stock valued at $30,000 after purchasing an additional 536 shares during the period. Vident Advisory LLC increased its position in shares of Carnival by 3.1% during the third quarter. Vident Advisory LLC now owns 18,911 shares of the company's stock valued at $500,000 after buying an additional 568 shares during the period. Finally, Creative Planning lifted its stake in Carnival by 5.0% in the 3rd quarter. Creative Planning now owns 12,032 shares of the company's stock worth $318,000 after purchasing an additional 577 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Carnival from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 23rd. Zacks Research upgraded Carnival to a "hold" rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".
Check Out Our Latest Stock Report on CUK
Carnival Company Profile
(
Get Free Report)
Carnival plc (NYSE: CUK) is one of the world's leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival's vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.
Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.
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