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.

WARNING: This piece was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/09/18/strategic-global-advisors-llc-acquires-new-position-in-carnival-corporation-cuk.html.

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.

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

Receive News & Ratings for Carnival Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Corporation and related companies with MarketBeat.com's FREE daily email newsletter.