Carnival PLC (NYSE:CUK)’s share price gapped up prior to trading 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 shares of Carnival PLC from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Thursday, April 28th.

The company’s 50-day moving average is $46.53 and its 200 day moving average is $49.29. The stock has a market capitalization of $35.14 billion and a P/E ratio of 16.25.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Investors 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 yield of 2.97%. The ex-dividend date is Wednesday, August 24th.

In related news, CEO Michael Olaf Thamm sold 9,590 shares of the company’s stock in a transaction dated 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 owns 52,721 shares in the company, valued at approximately £26,139.07 ($34,516.14). The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

A hedge fund recently raised its stake in Carnival PLC stock. Bank of Montreal Can boosted its position in Carnival PLC (NYSE:CUK) by 7,092.6% during the fourth quarter, according to its most recent filing with the 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 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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