BlackRock Inc. grew its holdings in shares of Carnival plc (NYSE:CUK) by 1,588.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,513 shares of the company’s stock after acquiring an additional 15,535 shares during the quarter. BlackRock Inc.’s holdings in Carnival were worth $952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC purchased a new position in Carnival in the 1st quarter worth approximately $211,000. FNY Investment Advisers LLC purchased a new position in Carnival in the 2nd quarter worth approximately $403,000. First Trust Advisors LP purchased a new position in Carnival in the 2nd quarter worth approximately $580,000. Millennium Management LLC purchased a new position in Carnival in the 1st quarter worth approximately $691,000. Finally, Guggenheim Capital LLC increased its stake in shares of Carnival by 9.0% during the first quarter. Guggenheim Capital LLC now owns 11,636 shares of the company’s stock valued at $762,000 after buying an additional 964 shares during the period. Hedge funds and other institutional investors own 5.22% of the company’s stock.

In related news, General Counsel Arnaldo Perez sold 7,000 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $64.26, for a total value of $449,820.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Olaf Thamm sold 46,290 shares of the company’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $56.93, for a total value of $2,635,289.70. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Shares of CUK traded down $2.08 during mid-day trading on Friday, hitting $55.84. 444,803 shares of the company’s stock traded hands, compared to its average volume of 290,141. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.17 and a current ratio of 0.22. Carnival plc has a 1 year low of $53.09 and a 1 year high of $72.29. The stock has a market capitalization of $12.01 billion, a PE ratio of 14.62 and a beta of 0.99.

Carnival (NYSE:CUK) last posted its earnings results on Thursday, September 27th. The company reported $2.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.09. Carnival had a return on equity of 12.30% and a net margin of 17.15%. The firm had revenue of $5.84 billion for the quarter. Research analysts forecast that Carnival plc will post 4.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 23rd will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. Carnival’s dividend payout ratio (DPR) is presently 52.36%.

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Carnival Profile

Carnival plc operates as a leisure travel and cruise company. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia.

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Institutional Ownership by Quarter for Carnival (NYSE:CUK)

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