Carnival (NYSE:CUK) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Carnival Corporation (NYSE:CUK) 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 trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CUK. Weiss Ratings restated a “hold (c)” rating on shares of Carnival in a research note on Monday, December 29th. Zacks Research raised Carnival to a “hold” rating in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Carnival Price Performance

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

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

Carnival Announces Dividend

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

Institutional Investors Weigh In On Carnival

A number of institutional investors have recently modified their holdings of CUK. CIBC Private Wealth Group LLC grew its stake in Carnival by 376.5% in the third quarter. CIBC Private Wealth Group LLC now owns 953 shares of the company’s stock worth $25,000 after purchasing an additional 753 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Carnival in the 2nd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Carnival by 188.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,115 shares of the company’s stock valued at $28,000 after acquiring an additional 729 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Carnival by 120.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 980 shares of the company’s stock valued at $30,000 after acquiring an additional 536 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Carnival during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

About Carnival

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.