Bank of New York Mellon Corp cut its position in Carnival PLC (NYSE:CUK) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 41,023 shares of the company’s stock after selling 353 shares during the period. Bank of New York Mellon Corp’s holdings in Carnival PLC were worth $1,838,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently made changes to their positions in CUK. Huntington National Bank bought a new position in Carnival PLC during the second quarter valued at about $151,000. Rockefeller Financial Services Inc. raised its position in Carnival PLC by 6.3% in the second quarter. Rockefeller Financial Services Inc. now owns 3,836 shares of the company’s stock valued at $172,000 after buying an additional 227 shares during the last quarter. 1st Global Advisors Inc. raised its position in Carnival PLC by 8.3% in the second quarter. 1st Global Advisors Inc. now owns 5,665 shares of the company’s stock valued at $254,000 after buying an additional 436 shares during the last quarter. Fulton Bank N.A. raised its position in Carnival PLC by 7.7% in the second quarter. Fulton Bank N.A. now owns 8,720 shares of the company’s stock valued at $390,000 after buying an additional 621 shares during the last quarter. Finally, UBS Group AG raised its position in Carnival PLC by 34.0% in the first quarter. UBS Group AG now owns 9,592 shares of the company’s stock valued at $521,000 after buying an additional 2,435 shares during the last quarter. Hedge funds and other institutional investors own 2.65% of the company’s stock.
Carnival PLC (NYSE:CUK) traded down 2.08% during trading on Friday, hitting $47.98. The stock had a trading volume of 445,691 shares. The company has a 50-day moving average of $47.54 and a 200 day moving average of $48.98. Carnival PLC has a 52 week low of $42.45 and a 52 week high of $58.08. The company has a market cap of $35.03 billion, a price-to-earnings ratio of 14.92 and a beta of 0.79.
Carnival PLC (NYSE:CUK) last announced its quarterly earnings data on Monday, September 26th. The company reported $1.92 earnings per share for the quarter. Carnival PLC had a return on equity of 10.76% and a net margin of 15.10%. On average, equities research analysts anticipate that Carnival PLC will post $3.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, August 24th. This represents a $1.40 annualized dividend and a dividend yield of 2.92%. Carnival PLC’s dividend payout ratio is currently 42.94%.
Separately, Zacks Investment Research lowered Carnival PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
In related news, CFO David Bernstein sold 4,030 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of GBX 49.18 ($0.64), for a total transaction of £1,981.95 ($2,587.07). Following the completion of the sale, the chief financial officer now directly owns 47,256 shares in the company, valued at approximately £23,240.50 ($30,336.12). The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.01% of the company’s stock.
About Carnival PLC
Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, and Australia & Asia (EAA). Its North America segment includes Carnival Cruise Lines, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (United Kingdom), P&O Cruises (Australia) and Cunard.
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