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.
ILLEGAL ACTIVITY NOTICE: This story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://ledgergazette.com/2018/01/13/insider-selling-carnival-plc-cuk-ceo-sells-60665-shares-of-stock.html.
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.
Receive News & Ratings for Carnival Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival and related companies with MarketBeat.com's FREE daily email newsletter.