Carnival Corporation (NYSE:CUK) CEO Arnold W. Donald sold 90,903 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $67.41, for a total value of $6,127,771.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Carnival Corporation (NYSE CUK) traded up 0.63% on Friday, reaching $67.29. The company’s stock had a trading volume of 231,273 shares. Carnival Corporation has a 52-week low of $46.15 and a 52-week high of $70.56. The company has a 50 day moving average price of $66.20 and a 200 day moving average price of $65.20. The company has a market cap of $48.52 billion, a P/E ratio of 18.30 and a beta of 0.65.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Wednesday, November 22nd. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.40. Carnival Corporation’s dividend payout ratio is 43.72%.
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Separately, ValuEngine upgraded Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.
Hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its holdings in Carnival Corporation by 152.3% during the 2nd quarter. Advisor Group Inc. now owns 1,721 shares of the company’s stock worth $114,000 after purchasing an additional 1,039 shares in the last quarter. Huntington National Bank increased its holdings in Carnival Corporation by 6.4% during the 2nd quarter. Huntington National Bank now owns 1,926 shares of the company’s stock worth $127,000 after purchasing an additional 115 shares in the last quarter. Citigroup Inc. increased its holdings in Carnival Corporation by 6.8% during the 2nd quarter. Citigroup Inc. now owns 2,174 shares of the company’s stock worth $144,000 after purchasing an additional 139 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Carnival Corporation by 291.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,672 shares of the company’s stock valued at $177,000 after acquiring an additional 1,990 shares in the last quarter. Finally, Checchi Capital Advisers LLC bought a new position in shares of Carnival Corporation in the 2nd quarter valued at about $216,000. Hedge funds and other institutional investors own 3.44% of the company’s stock.
About Carnival Corporation
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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