Shares of Carnival plc (NYSE:CUK) gapped down prior to trading on Tuesday . The stock had previously closed at $45.81, but opened at $46.33. Carnival plc shares last traded at $47.29, with a volume of 285,708 shares traded.

Separately, Zacks Investment Research lowered shares of Carnival plc from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.

The company has a market capitalization of $35.26 billion and a P/E ratio of 16.31. The firm has a 50 day moving average price of $48.02 and a 200 day moving average price of $50.38.

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, May 27th were issued a $0.35 dividend. This is a boost from Carnival plc’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Wednesday, May 25th.

In other news, CEO Michael Olaf Thamm sold 9,590 shares of the stock in a transaction on Tuesday, May 31st. The shares were 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 transaction, the chief executive officer now owns 52,721 shares in the company, valued at approximately £26,139.07 ($33,907.21). The sale was disclosed in a filing with the SEC, which is available at this link.

Other institutional investors have made changes to their positions in the company. Cibc World Markets Corp acquired a new position in shares of Carnival plc during the fourth quarter worth about $23,802,000. Todd Asset Management LLC boosted its position 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 worth $17,009,000 after buying an additional 130,862 shares in the last quarter. Sei Investments Co. boosted its position 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 worth $3,104,000 after buying an additional 42,245 shares in the last quarter. Morgan Stanley boosted its position in shares of Carnival plc by 31.9% in the fourth quarter. Morgan Stanley now owns 51,694 shares of the company’s stock worth $2,942,000 after buying an additional 12,515 shares in the last quarter. Finally, Bank of Montreal Can boosted its position 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 worth $2,145,000 after buying an additional 37,165 shares in the last quarter.

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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