Bank of New York Mellon Corp lessened its position in Carnival plc (NYSE:CUK) by 16.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,540 shares of the company’s stock after selling 2,236 shares during the period. Bank of New York Mellon Corp’s holdings in Carnival were worth $665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently made changes to their positions in CUK. Mount Yale Investment Advisors LLC bought a new position in Carnival in the 1st quarter worth $126,000. LPL Financial LLC bought a new position in Carnival in the 1st quarter worth $211,000. Suntrust Banks Inc. raised its holdings in Carnival by 69.5% in the 1st quarter. Suntrust Banks Inc. now owns 5,779 shares of the company’s stock worth $377,000 after acquiring an additional 2,369 shares during the period. FNY Investment Advisers LLC bought a new position in Carnival in the 2nd quarter worth $403,000. Finally, First Trust Advisors LP bought a new position in Carnival in the 2nd quarter worth $580,000. Hedge funds and other institutional investors own 4.10% of the company’s stock.
Shares of CUK opened at $56.84 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $12.14 billion, a P/E ratio of 14.95 and a beta of 0.88. Carnival plc has a one year low of $56.65 and a one year high of $72.29.
Carnival (NYSE:CUK) last posted its quarterly earnings results on Thursday, September 27th. The company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.09. The company had revenue of $5.84 billion for the quarter. Carnival had a net margin of 17.15% and a return on equity of 12.30%. On average, research analysts expect that Carnival plc will post 4.2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.00 annualized dividend and a yield of 3.52%. Carnival’s dividend payout ratio is 52.36%.
In other Carnival news, General Counsel Arnaldo Perez sold 7,000 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $64.26, for a total value of $449,820.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael Olaf Thamm sold 46,290 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $56.93, for a total transaction of $2,635,289.70. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.
Carnival Company Profile
Carnival plc operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia.
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