Allstate Corp Acquires Shares of 30,767 Carnival Co. & plc (NYSE:CCL)

Allstate Corp purchased a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,767 shares of the company's stock, valued at approximately $767,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CCL. Crewe Advisors LLC increased its holdings in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after acquiring an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new position in shares of Carnival Co. & during the 4th quarter worth approximately $34,000. 1620 Investment Advisors Inc. acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $42,000. Finally, Morse Asset Management Inc acquired a new position in shares of Carnival Co. & during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Analysts Set New Price Targets

CCL has been the subject of several recent research reports. Stifel Nicolaus raised their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Truist Financial boosted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, January 8th. StockNews.com raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Finally, Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, Carnival Co. & has a consensus rating of "Moderate Buy" and an average target price of $26.89.

Carnival Co. & Trading Down 4.6 %

CCL stock traded down $0.79 during midday trading on Friday, reaching $16.49. 39,798,792 shares of the company's stock traded hands, compared to its average volume of 26,132,040. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The business has a 50-day moving average price of $23.09 and a two-hundred day moving average price of $23.20. The company has a market capitalization of $19.24 billion, a P/E ratio of 11.86, a PEG ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the previous year, the business posted ($0.14) EPS. The business's quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Carnival Co. & Company Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.