Stein Kruse Sells 60,665 Shares of Carnival plc (NYSE:CUK) Stock

Carnival plc (NYSE:CUK) CEO Stein Kruse sold 60,665 shares of Carnival stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total transaction of $4,039,682.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Carnival plc (CUK) opened at $70.01 on Friday. The company has a market cap of $14,535.72, a price-to-earnings ratio of 18.12 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.21. Carnival plc has a fifty-two week low of $51.44 and a fifty-two week high of $70.56.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were issued a $0.45 dividend. This is a positive change from Carnival’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, November 22nd. This represents a $1.80 annualized dividend and a yield of 2.57%. Carnival’s payout ratio is presently 50.14%.

Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its holdings in Carnival by 152.3% in the second quarter. Advisor Group Inc. now owns 1,721 shares of the company’s stock valued at $114,000 after buying an additional 1,039 shares during the period. Citigroup Inc. lifted its holdings in Carnival by 6.8% in the second quarter. Citigroup Inc. now owns 2,174 shares of the company’s stock valued at $144,000 after buying an additional 139 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Carnival by 291.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,672 shares of the company’s stock valued at $177,000 after buying an additional 1,990 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Carnival in the third quarter valued at $206,000. Finally, Fiera Capital Corp acquired a new position in Carnival in the second quarter valued at $220,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

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About Carnival

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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