Carnival PLC (NYSE:CUK) 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 Carnival PLC from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Thursday, April 28th.

The company has a market capitalization of $35.86 billion and a price-to-earnings ratio of 16.59. The stock’s 50 day moving average price is $47.15 and its 200-day moving average price is $49.23.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 26th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Wednesday, August 24th.

In other news, CEO Michael Olaf Thamm sold 9,590 shares of the firm’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of GBX 49.58 ($0.65), for a total value of £4,754.72 ($6,247.17). Following the completion of the sale, the chief executive officer now owns 52,721 shares of the company’s stock, valued at £26,139.07 ($34,343.81). The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.