Carnival plc (CUK) CFO Sells $731,500.00 in Stock

Carnival plc (NYSE:CUK) CFO David Bernstein sold 11,000 shares of Carnival stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $66.50, for a total transaction of $731,500.00. Following the sale, the chief financial officer now owns 30,443 shares of the company’s stock, valued at $2,024,459.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

David Bernstein also recently made the following trade(s):

  • On Thursday, December 27th, David Bernstein sold 25,526 shares of Carnival stock. The shares were sold at an average price of $66.59, for a total transaction of $1,699,776.34.
  • On Thursday, December 28th, David Bernstein sold 51,454 shares of Carnival stock. The shares were sold at an average price of $66.76, for a total transaction of $3,435,069.04.

Shares of Carnival plc (CUK) traded down $0.11 during trading on Friday, reaching $66.78. 207,600 shares of the company’s stock traded hands, compared to its average volume of 340,033. Carnival plc has a twelve month low of $51.44 and a twelve month high of $70.56. The company has a market capitalization of $47,790.00, a price-to-earnings ratio of 18.60 and a beta of 0.70. The company has a current ratio of 0.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Carnival’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, November 22nd. Carnival’s payout ratio is presently 50.14%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Carnival by 87.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,456,063 shares of the company’s stock worth $96,275,000 after acquiring an additional 677,470 shares during the last quarter. Aperio Group LLC lifted its holdings in shares of Carnival by 1.5% in the 3rd quarter. Aperio Group LLC now owns 1,186,488 shares of the company’s stock worth $76,505,000 after acquiring an additional 17,713 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Carnival by 13.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 377,246 shares of the company’s stock worth $24,325,000 after acquiring an additional 43,985 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Carnival by 0.9% in the 3rd quarter. Wells Fargo & Company MN now owns 188,682 shares of the company’s stock worth $12,166,000 after acquiring an additional 1,686 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Carnival by 940.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 151,898 shares of the company’s stock worth $10,043,000 after acquiring an additional 137,298 shares during the last quarter. Hedge funds and other institutional investors 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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