30,767 Shares in Carnival Co. & plc (NYSE:CCL) Acquired by Allstate Corp

Allstate Corp bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,767 shares of the company’s stock, valued at approximately $767,000.

Several other hedge funds have also recently added to or reduced their stakes in CCL. Cerity Partners LLC raised its stake in Carnival Co. & by 181.7% during the third quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after buying an additional 79,857 shares during the last quarter. FMR LLC raised its position in shares of Carnival Co. & by 3.2% in the 3rd quarter. FMR LLC now owns 3,454,462 shares of the company’s stock worth $63,838,000 after acquiring an additional 107,481 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Carnival Co. & by 18.9% in the 3rd quarter. Townsquare Capital LLC now owns 13,329 shares of the company’s stock valued at $246,000 after purchasing an additional 2,122 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Carnival Co. & by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 40,675 shares of the company’s stock valued at $752,000 after purchasing an additional 1,396 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in Carnival Co. & during the third quarter worth approximately $274,000. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the topic of a number of research analyst reports. Truist Financial increased their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. StockNews.com raised shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Thursday, March 27th. The Goldman Sachs Group lifted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Loop Capital cut their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Monday, March 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Trading Down 1.6 %

NYSE CCL opened at $19.55 on Tuesday. 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 business has a fifty day simple moving average of $23.66 and a 200 day simple moving average of $23.22. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The firm has a market capitalization of $22.80 billion, a P/E ratio of 14.06, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS 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 company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

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.