Mercer Global Advisors Inc. ADV acquired a new position in Carnival plc (NYSE:CUK) in the first quarter, Holdings Channel reports. The firm acquired 5,249 shares of the company’s stock, valued at approximately $256,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CUK. We Are One Seven LLC raised its stake in Carnival by 82.0% during the 1st quarter. We Are One Seven LLC now owns 5,783 shares of the company’s stock valued at $288,000 after buying an additional 2,605 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Carnival by 18,569.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 78,227 shares of the company’s stock valued at $4,935,000 after buying an additional 77,808 shares during the last quarter. Hansberger Growth Investors LP raised its stake in Carnival by 2.3% during the 4th quarter. Hansberger Growth Investors LP now owns 85,210 shares of the company’s stock valued at $4,152,000 after buying an additional 1,876 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Carnival during the 4th quarter valued at $2,000,000. Finally, VisionPoint Advisory Group LLC purchased a new stake in Carnival during the 4th quarter valued at $209,000. Institutional investors own 5.25% of the company’s stock.
In other Carnival news, CFO David Bernstein sold 24,682 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $57.08, for a total transaction of $1,408,848.56. Following the completion of the sale, the chief financial officer now directly owns 70,362 shares in the company, valued at approximately $4,016,262.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Arnaldo Perez sold 5,691 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $57.08, for a total transaction of $324,842.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,536 shares of company stock valued at $3,569,555. Company insiders own 0.03% of the company’s stock.
Shares of CUK opened at $52.44 on Tuesday. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 12.31 and a beta of 1.21. The company has a quick ratio of 0.17, a current ratio of 0.22 and a debt-to-equity ratio of 0.38. Carnival plc has a 1-year low of $45.17 and a 1-year high of $67.54.
Carnival (NYSE:CUK) last announced its earnings results on Tuesday, March 26th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $4.67 billion during the quarter. Carnival had a net margin of 16.03% and a return on equity of 12.30%. Sell-side analysts expect that Carnival plc will post 4.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.81%. Carnival’s dividend payout ratio is presently 46.95%.
Separately, Bank of America reiterated a “neutral” rating on shares of Carnival in a research note on Monday, February 11th.
Carnival plc operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
Further Reading: Market Capitalization – What it Means for Investors
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