The CFO & CAO of Carnival Corp (NYSE: CCL) is Selling Shares

By Carrie Williams

Today, the CFO & CAO of Carnival Corp (NYSE: CCL), David Bernstein, sold shares of CCL for $3.44M.

Following David Bernstein’s last CCL Sell transaction on February 17, 2017, the stock climbed by 12.5%.

Based on Carnival Corp’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $4.26 billion and quarterly net profit of $546 million. In comparison, last year the company earned revenue of $3.94 billion and had a net profit of $609 million. The company has a one-year high of $69.89 and a one-year low of $51.70. CCL’s market cap is $47.73B and the company has a P/E ratio of 18.52.

Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $74.4, reflecting a -10.1% downside. Five different firms, including Merrill Lynch and Goldman Sachs, currently also have a Sell rating on the stock.

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Carnival Corp. engages in the operation of luxury cruises ships. It operates through the following segments: North America, EAA, Cruise Support, and Tour and Other. The North America segment includes Carnival Cruise Line, Holland America Line, Princess, and Seabourn. The EAA segment comprises of AIDA, Costa, Cunard, P&O Cruises (Australia), P&O Cruises (UK).