Insider Selling: Carnival (NYSE:CUK) Director Sells $313,965.72 in Stock

Carnival Corporation (NYSE:CUK) Director Sir Jonathon Band sold 11,988 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were 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 $1,377,620.19. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 stock was sold at an average price of $24.98, for a total value of $299.76.

Carnival Stock Performance

NYSE CUK opened at $25.59 on Friday. The stock has a 50-day simple moving average of $28.53 and a two-hundred day simple moving average of $27.40. The firm has a market capitalization of $4.82 billion, a P/E ratio of 11.37 and a beta of 2.51. Carnival Corporation has a fifty-two week low of $13.65 and a fifty-two week high of $33.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.28 and a current ratio of 0.30.

Carnival (NYSE:CUK) last issued its earnings results on Friday, March 27th. The company reported $0.20 EPS 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 the consensus estimate of $6.13 billion. Carnival had a return on equity of 26.92% and a net margin of 11.48%. On average, equities analysts forecast that Carnival Corporation will post 1.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CUK shares. Zacks Research raised shares of Carnival to a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings raised shares of Carnival from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Carnival presently has a consensus rating of “Moderate Buy”.

Institutional Trading of Carnival

Institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC increased its position in shares of Carnival by 376.5% in the third quarter. CIBC Private Wealth Group LLC now owns 953 shares of the company’s stock valued at $25,000 after buying an additional 753 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 536 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Carnival in the 2nd quarter valued at $26,000. Northwestern Mutual Wealth Management Co. grew its stake in Carnival by 188.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock valued at $28,000 after acquiring an additional 729 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in Carnival in the 4th quarter worth $34,000. 23.80% of the stock is owned by institutional investors and hedge funds.

About Carnival

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.