Renaissance Group LLC increased its stake in Carnival plc (NYSE:CUK) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,923 shares of the company’s stock after acquiring an additional 2,600 shares during the period. Renaissance Group LLC’s holdings in Carnival were worth $16,896,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CUK. Ameriprise Financial Inc. boosted its holdings in shares of Carnival by 7.4% in the second quarter. Ameriprise Financial Inc. now owns 31,220 shares of the company’s stock valued at $2,064,000 after acquiring an additional 2,156 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of 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 acquiring an additional 139 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of 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 acquiring an additional 1,039 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of Carnival in the second quarter valued at approximately $450,000. Finally, Stifel Financial Corp boosted its holdings in shares of Carnival by 55.7% in the second quarter. Stifel Financial Corp now owns 44,694 shares of the company’s stock valued at $2,959,000 after acquiring an additional 15,983 shares in the last quarter. Institutional investors and hedge funds own 3.80% of the company’s stock.
In related news, General Counsel Arnaldo Perez sold 15,166 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total transaction of $1,009,903.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arnold W. Donald sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $65.57, for a total transaction of $327,850.00. The disclosure for this sale can be found here. Insiders have sold 275,586 shares of company stock valued at $18,512,949 over the last 90 days. 0.04% of the stock is currently owned by insiders.
Carnival (NYSE:CUK) last posted its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.16. The business had revenue of $4.26 billion during the quarter. Carnival had a net margin of 14.88% and a return on equity of 11.78%. analysts anticipate that Carnival plc will post 4.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 23rd will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is presently 50.14%.
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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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