Carnival (NYSE:CUK) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Carnival Corporation (NYSE:CUK) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.72 and traded as high as $32.22. Carnival shares last traded at $31.8240, with a volume of 1,835,681 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on CUK. Zacks Research upgraded Carnival to a “hold” rating in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carnival in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Carnival Trading Up 1.3%

The company has a 50 day moving average of $30.45 and a 200-day moving average of $27.72. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 15.91 and a beta of 2.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32.

Carnival (NYSE:CUK) last released its earnings results on Tuesday, January 27th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $6.33 billion during the quarter. Carnival had a return on equity of 28.39% and a net margin of 10.37%. On average, research analysts anticipate that Carnival Corporation will post 1.7 earnings per share for the current year.

Carnival Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.9%. Carnival’s dividend payout ratio is 7.50%.

Institutional Trading of Carnival

A number of large investors have recently modified their holdings of CUK. Royal Bank of Canada grew its stake in Carnival by 1,202.6% during the 1st quarter. Royal Bank of Canada now owns 79,305 shares of the company’s stock worth $1,391,000 after purchasing an additional 73,217 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Carnival by 69.2% during the first quarter. Jane Street Group LLC now owns 46,021 shares of the company’s stock worth $807,000 after buying an additional 18,826 shares during the period. Allianz Asset Management GmbH acquired a new stake in Carnival in the second quarter valued at approximately $803,000. Freedom Investment Management Inc. acquired a new stake in Carnival in the second quarter valued at approximately $670,000. Finally, Bank of Montreal Can lifted its stake in Carnival by 417.0% in the second quarter. Bank of Montreal Can now owns 1,611,280 shares of the company’s stock worth $41,104,000 after acquiring an additional 1,299,639 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Carnival Company Profile

Carnival plc (NYSE: CUK) is one of the world’s leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival’s vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.

Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.