Suntrust Banks Inc. lessened its holdings in Carnival plc (NYSE:CUK) by 36.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,410 shares of the company’s stock after selling 1,983 shares during the period. Suntrust Banks Inc.’s holdings in Carnival were worth $225,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in CUK. Sei Investments Co. lifted its stake in shares of Carnival by 27.5% in the 3rd quarter. Sei Investments Co. now owns 76,643 shares of the company’s stock valued at $4,942,000 after purchasing an additional 16,512 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Carnival by 22.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 39,649 shares of the company’s stock valued at $2,557,000 after purchasing an additional 7,190 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Carnival in the 3rd quarter valued at $675,000. Ameriprise Financial Inc. lifted its stake in Carnival by 2.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 32,097 shares of the company’s stock worth $2,069,000 after acquiring an additional 877 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Carnival during the 3rd quarter worth about $1,651,000. 4.43% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Arnold W. Donald sold 8,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was 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 of the company’s stock, valued at approximately $7,320,069. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Arnold W. Donald sold 6,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $68.00, for a total value of $408,000.00. Following the transaction, the chief executive officer now directly owns 115,572 shares in the company, valued at approximately $7,858,896. The disclosure for this sale can be found here. In the last three months, insiders have sold 298,323 shares of company stock worth $20,079,863. 0.03% of the stock is owned by corporate insiders.
Carnival (NYSE:CUK) last posted its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.16. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The firm had revenue of $4.26 billion for the quarter. analysts forecast that Carnival plc will post 4.15 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.68%. The ex-dividend date is Thursday, February 22nd. Carnival’s payout ratio is 50.14%.
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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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