Shares of Carnival PLC (NYSE:CUK) saw strong trading volume on Tuesday . 690,944 shares traded hands during trading, an increase of 62% from the previous session’s volume of 427,643 shares.The stock last traded at $46.77 and had previously closed at $47.98.

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

The company has a market capitalization of $34.65 billion and a price-to-earnings ratio of 16.03. The company has a 50 day moving average of $46.85 and a 200 day moving average of $49.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Friday, August 26th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.40 annualized dividend and a yield of 3.01%.

In other Carnival PLC news, CEO Michael Olaf Thamm sold 9,590 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of GBX 49.58 ($0.65), for a total transaction of £4,754.72 ($6,278.52). Following the transaction, the chief executive officer now owns 52,721 shares in the company, valued at £26,139.07 ($34,516.14). The transaction was disclosed in a filing with the SEC, which is accessible through this link.

An institutional investor recently raised its position in Carnival PLC stock. Bank of Montreal Can boosted its stake in shares of Carnival PLC (NYSE:CUK) by 7,092.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,689 shares of the company’s stock after buying an additional 37,165 shares during the period. Bank of Montreal Can’s holdings in Carnival PLC were worth $2,145,000 at the end of the most recent reporting period.

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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