Carnival Corporation $CUK Shares Bought by ABC Arbitrage SA

ABC Arbitrage SA boosted its holdings in Carnival Corporation (NYSE:CUK) by 11.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 996,575 shares of the company’s stock after buying an additional 103,075 shares during the quarter. Carnival makes up 2.6% of ABC Arbitrage SA’s holdings, making the stock its 9th biggest holding. ABC Arbitrage SA owned approximately 0.53% of Carnival worth $26,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CUK. Raymond James Financial Inc. bought a new position in shares of Carnival in the second quarter worth about $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Carnival by 188.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock valued at $28,000 after purchasing an additional 729 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Carnival by 70.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,671 shares of the company’s stock worth $43,000 after purchasing an additional 688 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Carnival by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,717 shares of the company’s stock valued at $44,000 after purchasing an additional 459 shares during the last quarter. Finally, IFP Advisors Inc bought a new stake in shares of Carnival during the second quarter worth $77,000. Institutional investors own 23.80% of the company’s stock.

Carnival Price Performance

Shares of NYSE CUK opened at $33.04 on Wednesday. The firm has a fifty day simple moving average of $29.21 and a 200 day simple moving average of $27.45. Carnival Corporation has a twelve month low of $13.65 and a twelve month high of $33.72. The company has a quick ratio of 0.28, a current ratio of 0.32 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $6.23 billion, a PE ratio of 16.52 and a beta of 2.52.

Carnival (NYSE:CUK) last announced its earnings results on Tuesday, January 27th. The company reported $0.34 EPS for the quarter. Carnival had a return on equity of 28.39% and a net margin of 10.37%.The company had revenue of $6.33 billion for the quarter. On average, sell-side analysts forecast that Carnival Corporation will post 1.7 EPS for the current year.

Carnival Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 1.8%. Carnival’s dividend payout ratio (DPR) is currently 7.50%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Carnival in a research note on Monday, December 29th. Zacks Research upgraded Carnival to a “hold” rating in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Carnival Company Profile

Carnival plc (NYSE: CUK) is one of the world’s leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival’s vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.

Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.