Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Carnival plc (NYSE:CUK) by 25.2% during the 4th quarter, HoldingsChannel reports. The fund owned 268,900 shares of the company’s stock after purchasing an additional 54,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Carnival were worth $17,823,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Cutler Group LP raised its position in Carnival by 180.6% during the fourth quarter. Cutler Group LP now owns 7,000 shares of the company’s stock valued at $463,000 after acquiring an additional 4,505 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Carnival during the third quarter valued at approximately $1,651,000. Parametric Portfolio Associates LLC raised its position in Carnival by 13.2% during the third quarter. Parametric Portfolio Associates LLC now owns 377,246 shares of the company’s stock valued at $24,325,000 after acquiring an additional 43,985 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Carnival by 32.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,585 shares of the company’s stock valued at $46,037,000 after acquiring an additional 170,788 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Carnival during the third quarter valued at approximately $1,763,000. 4.43% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Arnold W. Donald sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $68.00, for a total transaction of $408,000.00. Following the transaction, the chief executive officer now owns 115,572 shares of the company’s stock, valued at $7,858,896. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stein Kruse sold 60,665 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 $4,039,682.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 298,323 shares of company stock worth $20,079,863. Insiders own 0.03% of the company’s stock.
Carnival (NYSE:CUK) last issued its quarterly earnings data on Tuesday, December 19th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.16. The firm had revenue of $4.26 billion for the quarter. Carnival had a net margin of 14.88% and a return on equity of 11.78%. equities analysts expect that Carnival plc will post 4.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 23rd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, February 22nd. Carnival’s payout ratio is presently 50.14%.
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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