Carnival plc (NYSE:CUK) CEO Arnold W. Donald Sells 3,000 Shares

Carnival plc (NYSE:CUK) CEO Arnold W. Donald sold 3,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $68.00, for a total transaction of $204,000.00. Following the completion of the sale, the chief executive officer now owns 132,376 shares in the company, valued at $9,001,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Arnold W. Donald also recently made the following trade(s):

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  • On Monday, April 2nd, Arnold W. Donald sold 5,000 shares of Carnival stock. The stock was sold at an average price of $64.49, for a total transaction of $322,450.00.
  • On Tuesday, January 9th, Arnold W. Donald sold 3,000 shares of Carnival stock. The stock was sold at an average price of $68.00, for a total transaction of $204,000.00.

NYSE:CUK traded down $0.85 during trading hours on Friday, reaching $64.75. 490,293 shares of the company were exchanged, compared to its average volume of 315,909. The company has a quick ratio of 0.14, a current ratio of 0.19 and a debt-to-equity ratio of 0.31. The company has a market cap of $13,555.09, a P/E ratio of 16.95 and a beta of 0.83. Carnival plc has a 52-week low of $56.79 and a 52-week high of $72.29.

Carnival (NYSE:CUK) last posted its quarterly earnings results on Thursday, March 22nd. The company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.13. The company had revenue of $4.23 billion for the quarter. Carnival had a net margin of 14.73% and a return on equity of 11.97%. research analysts forecast that Carnival plc will post 4.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 23rd were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Thursday, February 22nd. Carnival’s dividend payout ratio is presently 47.12%.

Several hedge funds have recently modified their holdings of CUK. Renaissance Technologies LLC raised its stake in shares of Carnival by 160.9% in the 4th quarter. Renaissance Technologies LLC now owns 533,600 shares of the company’s stock valued at $35,367,000 after acquiring an additional 329,100 shares during the period. Two Sigma Investments LP purchased a new position in shares of Carnival in the 4th quarter valued at $12,570,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Carnival by 32.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,585 shares of the company’s stock valued at $46,037,000 after acquiring an additional 170,788 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Carnival by 50,211.8% in the 4th quarter. Glenmede Trust Co. NA now owns 102,133 shares of the company’s stock valued at $6,768,000 after acquiring an additional 101,930 shares during the period. Finally, State of Wisconsin Investment Board raised its stake in shares of Carnival by 218.1% in the 4th quarter. State of Wisconsin Investment Board now owns 142,479 shares of the company’s stock valued at $9,444,000 after acquiring an additional 97,688 shares during the period. 4.44% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine lowered shares of Carnival from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th.

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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.

Insider Buying and Selling by Quarter for Carnival (NYSE:CUK)

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