Strategic Global Advisors LLC Acquires New Position in Carnival Corporation (CUK)
Strategic Global Advisors LLC acquired a new position in shares of Carnival Corporation (NYSE:CUK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,111 shares of the company’s stock, valued at approximately $272,000.
Other institutional investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in Carnival Corporation by 29.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 32,459 shares of the company’s stock worth $2,146,000 after acquiring an additional 7,433 shares in the last quarter. US Bancorp DE raised its stake in Carnival Corporation by 139.7% during the first quarter. US Bancorp DE now owns 16,029 shares of the company’s stock worth $928,000 after acquiring an additional 9,343 shares in the last quarter. Greenleaf Trust raised its stake in Carnival Corporation by 87.3% during the second quarter. Greenleaf Trust now owns 17,037 shares of the company’s stock worth $1,126,000 after acquiring an additional 7,943 shares in the last quarter. Capstone Asset Management Co. raised its stake in Carnival Corporation by 2.9% during the second quarter. Capstone Asset Management Co. now owns 94,495 shares of the company’s stock worth $6,248,000 after acquiring an additional 2,635 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Carnival Corporation by 0.5% during the first quarter. Sei Investments Co. now owns 49,805 shares of the company’s stock worth $2,883,000 after purchasing an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 3.45% of the company’s stock.
In other news, insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the completion of the transaction, the insider now owns 150,860 shares of the company’s stock, valued at approximately $10,110,637.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Olaf Thamm sold 12,768 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $65.89, for a total value of $841,283.52. The disclosure for this sale can be found here. Insiders have sold a total of 42,768 shares of company stock valued at $2,859,384 in the last three months. 0.04% of the stock is owned by insiders.
Separately, ValuEngine upgraded Carnival Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th.
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Shares of Carnival Corporation (NYSE:CUK) traded down 0.02% during mid-day trading on Monday, hitting $66.02. The stock had a trading volume of 99,765 shares. The stock has a 50 day moving average price of $68.34 and a 200 day moving average price of $63.31. Carnival Corporation has a 52 week low of $45.71 and a 52 week high of $70.56. The firm has a market cap of $47.80 billion, a PE ratio of 17.46 and a beta of 0.69.
Carnival Corporation (NYSE:CUK) last posted its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The company had revenue of $3.95 billion during the quarter. Equities research analysts expect that Carnival Corporation will post $3.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.42%. Carnival Corporation’s dividend payout ratio (DPR) is currently 42.55%.
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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