Carnival PLC (NYSE:CUK)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $47.87, but opened at $48.15. Carnival PLC shares last traded at $48.97, with a volume of 214,152 shares trading hands.

Separately, Zacks Investment Research upgraded shares of Carnival PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Thursday, April 28th.

The company has a market cap of $36.39 billion and a P/E ratio of 16.83. The stock’s 50-day moving average is $47.05 and its 200 day moving average is $49.24.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, August 26th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.87%.

In related 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 ($6,247.17). Following the completion of the transaction, the chief executive officer now owns 52,721 shares in the company, valued at £26,139.07 ($34,343.81). The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

An institutional investor recently raised its position in Carnival PLC stock. Bank of Montreal Can increased 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 Securities and Exchange Commission (SEC). The firm 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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