Carnival Co. & plc (NYSE:CCL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,428 shares of the company's stock after selling 22,458 shares during the quarter. State of Alaska Department of Revenue's holdings in Carnival Co. & were worth $2,951,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC raised its holdings in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after acquiring an additional 888 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Carnival Co. & during the 3rd quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new position in shares of Carnival Co. & during the 4th quarter valued at approximately $34,000. Assetmark Inc. boosted its holdings in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after buying an additional 1,546 shares during the period. Finally, CVA Family Office LLC boosted its holdings in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after buying an additional 1,205 shares during the period. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Price Performance

NYSE:CCL traded down $0.00 during trading hours on Thursday, reaching $25.89. 14,543,485 shares of the company were exchanged, compared to its average volume of 19,807,846. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock's 50-day moving average is $25.74 and its 200-day moving average is $21.71. The firm has a market cap of $30.14 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCL has been the topic of several research reports. Citigroup raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Truist Financial lifted 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 boosted their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 8th. Finally, Loop Capital assumed coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They issued a "hold" rating and a $25.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.11.

About Carnival Co. &

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.