Cwm LLC Buys 3,993 Shares of Carnival plc (CUK)

Cwm LLC grew its stake in shares of Carnival plc (NYSE:CUK) by 3,472.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,108 shares of the company’s stock after buying an additional 3,993 shares during the period. Cwm LLC’s holdings in Carnival were worth $259,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC purchased a new position in Carnival during the first quarter worth $211,000. We Are One Seven LLC purchased a new position in Carnival during the third quarter worth $214,000. Cowen Inc. purchased a new position in Carnival during the second quarter worth $317,000. Suntrust Banks Inc. increased its position in Carnival by 69.5% during the first quarter. Suntrust Banks Inc. now owns 5,779 shares of the company’s stock worth $377,000 after buying an additional 2,369 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Carnival during the second quarter worth $403,000. 4.11% of the stock is owned by institutional investors.

Shares of NYSE:CUK opened at $56.27 on Tuesday. The firm has a market capitalization of $11.74 billion, a PE ratio of 13.52 and a beta of 0.98. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.34. Carnival plc has a 52 week low of $53.09 and a 52 week high of $72.29.

Carnival (NYSE:CUK) last announced its quarterly earnings data on Thursday, September 27th. The company reported $2.36 EPS for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.09. The business had revenue of $5.84 billion during the quarter. Carnival had a return on equity of 12.30% and a net margin of 17.15%. On average, research analysts anticipate that Carnival plc will post 4.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, November 21st. Carnival’s dividend payout ratio is currently 52.36%.

In other news, CEO Michael Olaf Thamm sold 46,290 shares of Carnival stock in a transaction on Monday, October 15th. The stock was sold at an average price of $56.93, for a total value of $2,635,289.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Arnaldo Perez sold 7,000 shares of Carnival 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 disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

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Carnival 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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Institutional Ownership by Quarter for Carnival (NYSE:CUK)

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