Carnival PLC (NYSE:CUK) shares shot up 1.9% during trading on Thursday . The company traded as high as $49.49 and last traded at $49.43, with a volume of 197,448 shares. The stock had previously closed at $48.49.

Separately, Zacks Investment Research cut shares of Carnival PLC from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.

The company has a market cap of $36.88 billion and a PE ratio of 17.06. The company has a 50-day moving average price of $47.54 and a 200-day moving average price of $49.35.

The business 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. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.40 dividend on an annualized basis and a yield of 2.83%.

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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