Carnival Corp (CCL) Shares Sold by First National Trust Co

First National Trust Co reduced its stake in shares of Carnival Corp (NYSE:CCL) by 37.9% during the 1st quarter, Holdings Channel reports. The firm owned 20,080 shares of the company’s stock after selling 12,271 shares during the quarter. First National Trust Co’s holdings in Carnival were worth $1,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Whittier Trust Co. of Nevada Inc. lifted its holdings in Carnival by 87.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 543 shares of the company’s stock valued at $27,000 after buying an additional 253 shares during the period. Essex Savings Bank acquired a new position in Carnival in the fourth quarter valued at approximately $29,000. Sontag Advisory LLC acquired a new position in Carnival in the fourth quarter valued at approximately $35,000. Doyle Wealth Management acquired a new position in Carnival in the fourth quarter valued at approximately $36,000. Finally, Berman Capital Advisors LLC acquired a new position in Carnival in the fourth quarter valued at approximately $39,000. 76.41% of the stock is currently owned by institutional investors and hedge funds.

CCL opened at $54.42 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $28.68 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.08 and a beta of 1.23. Carnival Corp has a twelve month low of $45.64 and a twelve month high of $67.69.

Carnival (NYSE:CCL) last posted its earnings results on Tuesday, March 26th. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.31 billion. Carnival had a net margin of 16.03% and a return on equity of 12.30%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Research analysts predict that Carnival Corp will post 4.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $2.00 annualized dividend and a yield of 3.68%. Carnival’s dividend payout ratio (DPR) is presently 46.95%.

Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Carnival from a “sell” rating to a “hold” rating in a report on Friday. Goldman Sachs Group upgraded shares of Carnival from a “neutral” rating to a “buy” rating and increased their price objective for the company from $63.00 to $65.00 in a report on Wednesday, March 13th. Buckingham Research cut their price objective on shares of Carnival from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Nomura cut their price objective on shares of Carnival from $66.00 to $61.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. Finally, Standpoint Research lowered shares of Carnival from a “buy” rating to a “hold” rating and set a $57.16 price objective on the stock. in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $66.70.

In other Carnival news, CFO David Bernstein sold 24,682 shares of the stock in a transaction on Friday, February 15th. The shares were sold at an average price of $57.08, for a total value of $1,408,848.56. Following the sale, the chief financial officer now directly owns 70,362 shares in the company, valued at $4,016,262.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Stein Kruse sold 32,163 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $57.08, for a total transaction of $1,835,864.04. Following the completion of the sale, the chief executive officer now owns 92,198 shares in the company, valued at $5,262,661.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,536 shares of company stock worth $3,569,555. Company insiders own 24.10% of the company’s stock.

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Carnival Company Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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