Traders purchased shares of Carnival Corporation (NYSE:CCL) on weakness during trading on Friday after an insider sold shares in the company. $87.15 million flowed into the stock on the tick-up and $30.95 million flowed out of the stock on the tick-down, for a money net flow of $56.20 million into the stock. Of all stocks tracked, Carnival had the 22nd highest net in-flow for the day. Carnival traded down ($0.46) for the day and closed at $68.56Specifically, General Counsel Arnaldo Perez sold 15,166 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total value of $1,009,903.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sir Jonathon Band sold 3,840 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $69.59, for a total transaction of $267,225.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 306,393 shares of company stock worth $20,524,631. 23.80% of the stock is owned by insiders.

Several research firms have commented on CCL. Instinet reaffirmed a “buy” rating and issued a $75.00 price target on shares of Carnival in a report on Monday, October 2nd. Nomura reaffirmed a “buy” rating and issued a $75.00 price target on shares of Carnival in a report on Friday, September 29th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Carnival in a report on Thursday, September 28th. Argus reaffirmed a “neutral” rating and issued a $67.00 price target (down from $78.00) on shares of Carnival in a report on Thursday, September 28th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $79.00 target price (up from $74.00) on shares of Carnival in a research note on Wednesday, September 27th. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $72.78.

The company has a quick ratio of 0.14, a current ratio of 0.18 and a debt-to-equity ratio of 0.29. The stock has a market cap of $49,100.00, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. research analysts anticipate that Carnival Corporation will post 4.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, February 22nd. This represents a $1.80 annualized dividend and a dividend yield of 2.63%. Carnival’s dividend payout ratio (DPR) is presently 44.57%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCL. State of Alaska Department of Revenue raised its holdings in Carnival by 169.2% in the 4th quarter. State of Alaska Department of Revenue now owns 55,259 shares of the company’s stock valued at $3,665,000 after acquiring an additional 34,735 shares during the last quarter. Oakbrook Investments LLC raised its holdings in Carnival by 362.6% in the 4th quarter. Oakbrook Investments LLC now owns 21,050 shares of the company’s stock valued at $1,397,000 after acquiring an additional 16,500 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Carnival by 2.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,575,261 shares of the company’s stock valued at $104,551,000 after acquiring an additional 43,937 shares during the last quarter. First National Trust Co raised its holdings in Carnival by 31.1% in the 4th quarter. First National Trust Co now owns 43,568 shares of the company’s stock valued at $2,892,000 after acquiring an additional 10,336 shares during the last quarter. Finally, Creative Planning raised its holdings in Carnival by 11.1% in the 4th quarter. Creative Planning now owns 20,782 shares of the company’s stock valued at $1,379,000 after acquiring an additional 2,075 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

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Carnival 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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