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Conning Inc. Takes Position in Carnival plc (CUK)

Conning Inc. bought a new position in Carnival plc (NYSE:CUK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,450 shares of the company’s stock, valued at approximately $373,000.

Several other large investors have also bought and sold shares of CUK. Todd Asset Management LLC raised its stake in Carnival plc by 1.6% in the third quarter. Todd Asset Management LLC now owns 378,367 shares of the company’s stock worth $18,570,000 after buying an additional 5,979 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Carnival plc by 0.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 275,480 shares of the company’s stock worth $14,101,000 after buying an additional 1,780 shares during the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of Carnival plc during the third quarter worth about $13,247,000. Marshall Wace LLP increased its stake in shares of Carnival plc by 87.4% in the fourth quarter. Marshall Wace LLP now owns 174,040 shares of the company’s stock worth $8,909,000 after buying an additional 81,178 shares during the last quarter. Finally, RMB Capital Management LLC increased its stake in shares of Carnival plc by 199.5% in the fourth quarter. RMB Capital Management LLC now owns 132,654 shares of the company’s stock worth $6,791,000 after buying an additional 88,369 shares during the last quarter. Institutional investors own 2.50% of the company’s stock.

Institutional Ownership by Quarter for Carnival plc (NYSE:CUK)

Shares of Carnival plc (NYSE:CUK) traded down 1.20% during midday trading on Friday, reaching $61.09. 196,507 shares of the company’s stock were exchanged. Carnival plc has a 12-month low of $43.45 and a 12-month high of $63.21. The stock has a market capitalization of $44.35 billion, a P/E ratio of 15.05 and a beta of 0.67. The firm has a 50-day moving average of $59.33 and a 200-day moving average of $54.31.

Carnival plc (NYSE:CUK) last issued its quarterly earnings data on Tuesday, March 28th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $3.79 billion for the quarter. Carnival plc had a net margin of 16.96% and a return on equity of 11.35%. Analysts anticipate that Carnival plc will post $3.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.40 per share. This is a boost from Carnival plc’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, May 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.62%. Carnival plc’s dividend payout ratio (DPR) is presently 37.43%.

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In other news, Director Sir John Parker sold 19,965 shares of the firm’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $60.98, for a total transaction of $1,217,465.70. Following the sale, the director now owns 22,798 shares of the company’s stock, valued at approximately $1,390,222.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Glasier sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $58.29, for a total transaction of $349,740.00. Following the sale, the director now directly owns 26,684 shares in the company, valued at approximately $1,555,410.36. The disclosure for this sale can be found here. Insiders have sold a total of 125,206 shares of company stock worth $7,112,793 in the last ninety days. Corporate insiders own 0.01% of the company’s stock.

Carnival plc 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.

5 Day Chart for NYSE:CUK

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