Carnival PLC (NYSE:CUK) shares gapped up before the market opened on Monday . The stock had previously closed at $44.95, but opened at $45.20. Carnival PLC shares last traded at $46.12, with a volume of 201,478 shares.

Separately, Zacks Investment Research raised Carnival PLC from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Thursday, April 28th.

The company has a 50-day moving average of $48.14 and a 200 day moving average of $50.40. The firm has a market capitalization of $34.52 billion and a PE ratio of 15.96.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, May 27th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.02%. This is a positive change from Carnival PLC’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, May 25th.

In related news, CEO Michael Olaf Thamm sold 9,590 shares of Carnival PLC stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of GBX 49.58 ($0.64), for a total value of £4,754.72 ($6,167.75). Following the completion of the sale, the chief executive officer now owns 52,721 shares of the company’s stock, valued at approximately £26,139.07 ($33,907.21). The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Other large investors have recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of Carnival PLC by 7,092.6% in the fourth quarter. Bank of Montreal Can now owns 37,689 shares of the company’s stock valued at $2,145,000 after buying an additional 37,165 shares during the period. Morgan Stanley raised its stake in shares of Carnival PLC by 31.9% in the fourth quarter. Morgan Stanley now owns 51,694 shares of the company’s stock valued at $2,942,000 after buying an additional 12,515 shares during the period. Sei Investments Co. raised its stake in shares of Carnival PLC by 343.8% in the fourth quarter. Sei Investments Co. now owns 54,532 shares of the company’s stock valued at $3,104,000 after buying an additional 42,245 shares during the period. Todd Asset Management LLC raised its stake in shares of Carnival PLC by 77.9% in the fourth quarter. Todd Asset Management LLC now owns 298,820 shares of the company’s stock valued at $17,009,000 after buying an additional 130,862 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in shares of Carnival PLC during the fourth quarter valued at $23,802,000.

Carnival plc is a cruise vacation company. The Company has three cruise segments that consist of North America cruise brands, Europe, Australia & Asia (EAA) cruise brands, and Cruise Support. In addition, it also has a Tour and Other segment. The Company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines, Holland America Line, Princess Cruises (Princess) and Seabourn.

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