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

Carnival Corporation (NYSE:CUK)’s share price 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CUK shares. Zacks Research upgraded shares of Carnival to a “hold” rating in a report on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Carnival in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Carnival Price Performance

The stock has a market capitalization of $6.00 billion, a PE 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. The stock’s 50-day moving average is $30.45 and its 200 day moving average is $27.72.

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

Carnival Announces Dividend

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

Hedge Funds Weigh In On Carnival

Hedge funds have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC boosted its stake in Carnival by 2.7% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 14,291 shares of the company’s stock worth $433,000 after purchasing an additional 382 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Carnival by 36.5% in the second quarter. Osaic Holdings Inc. now owns 1,717 shares of the company’s stock valued at $44,000 after buying an additional 459 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Carnival by 120.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 980 shares of the company’s stock worth $30,000 after buying an additional 536 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Carnival by 3.1% during the third quarter. Vident Advisory LLC now owns 18,911 shares of the company’s stock worth $500,000 after buying an additional 568 shares during the last quarter. Finally, Creative Planning increased its position in Carnival by 5.0% in the 3rd quarter. Creative Planning now owns 12,032 shares of the company’s stock valued at $318,000 after acquiring an additional 577 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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.