Arrowstreet Capital Limited Partnership raised its position in Carnival plc (NYSE:CUK) by 32.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 694,585 shares of the company’s stock after purchasing an additional 170,788 shares during the period. Arrowstreet Capital Limited Partnership owned 0.33% of Carnival worth $46,037,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor Group Inc. lifted its position in shares of Carnival by 152.3% during the 2nd quarter. Advisor Group Inc. now owns 1,721 shares of the company’s stock valued at $114,000 after acquiring an additional 1,039 shares during the period. FNY Partners Fund LP acquired a new position in shares of Carnival during the 4th quarter valued at $159,000. Nine Chapters Capital Management LLC acquired a new position in shares of Carnival during the 3rd quarter valued at $206,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Carnival during the 3rd quarter valued at $239,000. Finally, Citadel Advisors LLC acquired a new position in shares of Carnival during the 3rd quarter valued at $356,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.
Carnival plc (NYSE CUK) opened at $69.35 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.14 and a current ratio of 0.18. Carnival plc has a 1 year low of $53.57 and a 1 year high of $72.29. The stock has a market cap of $14,463.65, a price-to-earnings ratio of 18.09 and a beta of 0.73.
Carnival (NYSE:CUK) last released its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.16. Carnival had a net margin of 14.88% and a return on equity of 11.78%. The company had revenue of $4.26 billion for the quarter. research analysts expect that Carnival plc will post 4.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.60%. Carnival’s payout ratio is presently 50.14%.
In related news, CEO Stein Kruse sold 60,665 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total transaction of $4,039,682.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Arnold W. Donald sold 8,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $71.66, for a total transaction of $573,280.00. Following the transaction, the chief executive officer now owns 102,150 shares in the company, valued at approximately $7,320,069. The disclosure for this sale can be found here. Insiders have sold a total of 298,323 shares of company stock worth $20,075,663 in the last quarter. 0.04% of the stock is owned by corporate insiders.
Carnival 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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