Comerica Bank Trims Stake in Carnival Corporation (CUK)

Comerica Bank reduced its position in Carnival Corporation (NYSE:CUK) by 20.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 12,275 shares of the company’s stock after selling 3,237 shares during the period. Comerica Bank’s holdings in Carnival were worth $815,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Advisor Group Inc. increased its position in Carnival by 152.3% in the 2nd quarter. Advisor Group Inc. now owns 1,721 shares of the company’s stock valued at $114,000 after acquiring an additional 1,039 shares during the period. Citigroup Inc. increased its position in Carnival by 6.8% in the 2nd quarter. Citigroup Inc. now owns 2,174 shares of the company’s stock valued at $144,000 after acquiring an additional 139 shares during the period. Tower Research Capital LLC TRC increased its position in Carnival by 291.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,672 shares of the company’s stock valued at $177,000 after acquiring an additional 1,990 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Carnival in the 3rd quarter valued at about $206,000. Finally, Checchi Capital Advisers LLC acquired a new position in Carnival in the 2nd quarter valued at about $216,000. 3.78% of the stock is owned by institutional investors and hedge funds.

Carnival Corporation (CUK) opened at $67.20 on Tuesday. The stock has a market capitalization of $13,955.18, a PE ratio of 17.11 and a beta of 0.70. Carnival Corporation has a 52-week low of $50.35 and a 52-week high of $70.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.21 and a quick ratio of 0.16.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.45 per share. This is a boost from Carnival’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $1.80 annualized dividend and a yield of 2.68%. Carnival’s payout ratio is presently 49.18%.

In other Carnival news, CEO Arnold W. Donald sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $65.43, for a total transaction of $327,150.00. Following the transaction, the chief executive officer now owns 115,572 shares in the company, valued at approximately $7,561,875.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Arnold W. Donald sold 90,903 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $67.41, for a total value of $6,127,771.23. The disclosure for this sale can be found here. Insiders own 0.04% 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.

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Institutional Ownership by Quarter for Carnival (NYSE:CUK)

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