NGAM Advisors L.P. reduced its stake in Carnival Corporation (NYSE:CUK) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,162 shares of the company’s stock after selling 242 shares during the period. NGAM Advisors L.P.’s holdings in Carnival Corporation were worth $3,449,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CUK. Parametric Portfolio Associates LLC raised its position in Carnival Corporation by 5.3% in the first quarter. Parametric Portfolio Associates LLC now owns 332,856 shares of the company’s stock valued at $19,269,000 after buying an additional 16,696 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Carnival Corporation during the first quarter valued at approximately $887,000. Sei Investments Co. increased its stake in shares of Carnival Corporation by 0.5% in the first quarter. Sei Investments Co. now owns 49,805 shares of the company’s stock valued at $2,883,000 after buying an additional 259 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Carnival Corporation during the first quarter valued at approximately $58,156,000. Finally, World Asset Management Inc increased its stake in shares of Carnival Corporation by 1.5% in the first quarter. World Asset Management Inc now owns 13,486 shares of the company’s stock valued at $781,000 after buying an additional 193 shares during the last quarter. Institutional investors and hedge funds own 4.26% of the company’s stock.

Shares of Carnival Corporation (NYSE CUK) opened at 68.63 on Thursday. The firm has a market cap of $49.69 billion, a P/E ratio of 18.15 and a beta of 0.70. The company’s 50-day moving average price is $66.86 and its 200 day moving average price is $60.78. Carnival Corporation has a 52 week low of $44.60 and a 52 week high of $69.12.

Carnival Corporation (NYSE:CUK) last issued its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.07. The business had revenue of $3.95 billion for the quarter. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. On average, equities analysts anticipate that Carnival Corporation will post $3.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.33%. Carnival Corporation’s dividend payout ratio (DPR) is currently 42.55%.

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Separately, ValuEngine raised Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.

In other Carnival Corporation news, CEO Michael Olaf Thamm sold 12,768 shares of the company’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $65.89, for a total transaction of $841,283.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alan Buckelew sold 15,000 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $67.52, for a total transaction of $1,012,800.00. The disclosure for this sale can be found here. Insiders have sold 42,768 shares of company stock worth $2,859,384 in the last ninety days. Insiders own 0.04% of the company’s stock.

Carnival Corporation Company Profile

Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (the United Kingdom), P&O Cruises (Australia) and Cunard.

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Institutional Ownership by Quarter for Carnival Corporation (NYSE:CUK)

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