Summit Global Investments purchased a new stake in Carnival Corporation (NYSE:CUK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,830 shares of the company’s stock, valued at approximately $650,000.
Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank raised its holdings in Carnival Corporation by 6.4% in the 2nd quarter. Huntington National Bank now owns 1,926 shares of the company’s stock valued at $127,000 after acquiring an additional 115 shares in the last quarter. Checchi Capital Advisers LLC acquired a new position in Carnival Corporation in the 2nd quarter valued at approximately $216,000. Acadian Asset Management LLC raised its holdings in Carnival Corporation by 209.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,286 shares of the company’s stock valued at $217,000 after acquiring an additional 2,223 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Carnival Corporation in the 2nd quarter valued at approximately $279,000. Finally, Parallel Advisors LLC raised its holdings in Carnival Corporation by 1,574.0% in the 1st quarter. Parallel Advisors LLC now owns 4,252 shares of the company’s stock valued at $265,000 after acquiring an additional 3,998 shares in the last quarter. 3.45% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Michael Olaf Thamm sold 12,768 shares of Carnival Corporation stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $65.89, for a total value of $841,283.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alan Buckelew sold 15,000 shares of Carnival Corporation stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $67.02, for a total transaction of $1,005,300.00. Following the completion of the sale, the insider now owns 150,860 shares of the company’s stock, valued at $10,110,637.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,768 shares of company stock valued at $2,859,384. 0.04% of the stock is owned by company insiders.
Separately, ValuEngine raised Carnival Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th.
Carnival Corporation (CUK) traded up 0.20% during trading on Tuesday, reaching $68.65. The company’s stock had a trading volume of 36,935 shares. The stock has a market cap of $49.70 billion, a P/E ratio of 18.16 and a beta of 0.69. Carnival Corporation has a 52-week low of $45.58 and a 52-week high of $70.56. The firm’s 50-day moving average is $68.21 and its 200-day moving average is $63.00.
Carnival Corporation (NYSE:CUK) last issued its quarterly earnings data on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.07. The firm had revenue of $3.95 billion during the quarter. Carnival Corporation had a net margin of 16.48% and a return on equity of 11.26%. Equities research analysts forecast that Carnival Corporation will post $3.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a $0.40 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.34%. Carnival Corporation’s payout ratio is 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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