Carnival Corporation (NYSE:CUK) Insider Sells $1,005,300.00 in Stock
Carnival Corporation (NYSE:CUK) insider Alan Buckelew sold 15,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $67.02, for a total value of $1,005,300.00. Following the completion of the transaction, the insider now directly owns 150,860 shares in the company, valued at approximately $10,110,637.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Alan Buckelew also recently made the following trade(s):
- On Friday, July 21st, Alan Buckelew sold 15,000 shares of Carnival Corporation stock. The stock was sold at an average price of $67.52, for a total value of $1,012,800.00.
Carnival Corporation (CUK) traded up 1.34% during trading on Tuesday, reaching $68.18. The company’s stock had a trading volume of 123,348 shares. The company’s 50 day moving average price is $66.27 and its 200-day moving average price is $60.09. The stock has a market cap of $49.36 billion, a P/E ratio of 18.03 and a beta of 0.70. Carnival Corporation has a 1-year low of $44.60 and a 1-year high of $68.72.
Carnival Corporation (NYSE:CUK) last issued its quarterly earnings results on Thursday, June 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.07. Carnival Corporation had a return on equity of 11.26% and a net margin of 16.48%. The company had revenue of $3.95 billion for the quarter. Equities analysts forecast that Carnival Corporation will post $3.57 earnings per share for the current fiscal year.
Carnival Corporation declared that its Board of Directors has initiated a stock buyback plan on Friday, April 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 2.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $1.60 annualized dividend and a dividend yield of 2.38%. Carnival Corporation’s payout ratio is 42.55%.
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Several institutional investors have recently modified their holdings of the stock. Financial Counselors Inc. boosted its position in Carnival Corporation by 0.5% in the first quarter. Financial Counselors Inc. now owns 5,329 shares of the company’s stock worth $308,000 after buying an additional 24 shares during the period. Huntington National Bank boosted its position in Carnival Corporation by 6.4% in the second quarter. Huntington National Bank now owns 1,926 shares of the company’s stock worth $127,000 after buying an additional 115 shares during the period. Hansberger Growth Investors LP boosted its position in Carnival Corporation by 0.3% in the first quarter. Hansberger Growth Investors LP now owns 51,442 shares of the company’s stock worth $2,978,000 after buying an additional 155 shares during the period. World Asset Management Inc boosted its position in Carnival Corporation by 1.5% in the first quarter. World Asset Management Inc now owns 13,486 shares of the company’s stock worth $781,000 after buying an additional 193 shares during the period. Finally, Sei Investments Co. boosted its position in Carnival Corporation by 0.5% in the first quarter. Sei Investments Co. now owns 49,805 shares of the company’s stock worth $2,883,000 after buying an additional 259 shares during the period. Institutional investors own 4.25% of the company’s stock.
Separately, ValuEngine raised Carnival Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.
Carnival Corporation Company Profile
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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