Blueshift Asset Management LLC Acquires New Position in Carnival plc (CUK)

Blueshift Asset Management LLC acquired a new stake in Carnival plc (NYSE:CUK) in the 4th quarter, HoldingsChannel reports. The fund acquired 5,406 shares of the company’s stock, valued at approximately $263,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in shares of Carnival by 331.8% in the fourth quarter. Proficio Capital Partners LLC now owns 734 shares of the company’s stock valued at $36,000 after buying an additional 564 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Carnival by 40.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,044 shares of the company’s stock valued at $192,000 after buying an additional 880 shares during the period. Freestone Capital Holdings LLC acquired a new position in shares of Carnival in the fourth quarter valued at approximately $307,000. Advisors Asset Management Inc. increased its stake in shares of Carnival by 314.0% in the fourth quarter. Advisors Asset Management Inc. now owns 8,685 shares of the company’s stock valued at $423,000 after buying an additional 6,587 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Carnival by 5.1% in the fourth quarter. Bank of New York Mellon Corp now owns 10,984 shares of the company’s stock valued at $535,000 after buying an additional 530 shares during the period. 5.25% of the stock is owned by institutional investors.

In related news, CEO Michael Olaf Thamm sold 6,678 shares of the company’s stock in a transaction that occurred on Friday, January 11th. The stock was sold at an average price of $51.68, for a total value of $345,119.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald bought 21,595 shares of Carnival stock in a transaction that occurred on Wednesday, December 26th. The stock was bought at an average price of $46.43 per share, for a total transaction of $1,002,655.85. The disclosure for this purchase can be found here. Insiders sold 71,504 shares of company stock worth $4,034,372 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Separately, Bank of America reaffirmed a “neutral” rating on shares of Carnival in a research note on Monday, February 11th.

Carnival stock opened at $55.29 on Thursday. Carnival plc has a 1 year low of $45.17 and a 1 year high of $68.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.24 and a quick ratio of 0.19. The company has a market capitalization of $11.29 billion, a PE ratio of 12.98 and a beta of 1.23.

Carnival (NYSE:CUK) last released its quarterly earnings data on Thursday, December 20th. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.70. Carnival had a return on equity of 12.45% and a net margin of 16.70%. The company had revenue of $4.46 billion during the quarter. On average, sell-side analysts predict that Carnival plc will post 4.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, February 22nd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, February 21st. Carnival’s payout ratio is presently 46.95%.

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Carnival Profile

Carnival plc operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

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Institutional Ownership by Quarter for Carnival (NYSE:CUK)

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