Carnival PLC (NYSE:CUK)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $46.47, but opened at $46.71. Carnival PLC shares last traded at $47.22, with a volume of 229,654 shares traded.

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

The firm has a market cap of $35.19 billion and a price-to-earnings ratio of 16.27. The company’s 50-day moving average is $46.65 and its 200 day moving average is $49.32.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 26th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Wednesday, August 24th.

In other 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 value of £4,754.72 ($6,278.52). Following the transaction, the chief executive officer now directly owns 52,721 shares of the company’s stock, valued at £26,139.07 ($34,516.14). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

An institutional investor recently raised its position in Carnival PLC stock. Bank of Montreal Can raised its position in Carnival PLC (NYSE:CUK) by 7,092.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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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