Allstate Corp Buys New Stake in Carnival Corporation $CCL

Allstate Corp purchased a new position in Carnival Corporation (NYSE:CCL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,782 shares of the company’s stock, valued at approximately $1,092,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCL. Vanguard Group Inc. grew its stake in shares of Carnival by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 126,663,493 shares of the company’s stock valued at $3,561,777,000 after purchasing an additional 7,157,739 shares during the period. State Street Corp boosted its stake in Carnival by 3.5% in the 2nd quarter. State Street Corp now owns 45,523,890 shares of the company’s stock valued at $1,280,132,000 after buying an additional 1,531,495 shares in the last quarter. Geode Capital Management LLC boosted its stake in Carnival by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 27,617,014 shares of the company’s stock valued at $773,398,000 after buying an additional 1,906,110 shares in the last quarter. Viking Global Investors LP grew its position in Carnival by 6.4% in the second quarter. Viking Global Investors LP now owns 13,207,267 shares of the company’s stock valued at $371,388,000 after acquiring an additional 798,450 shares during the period. Finally, Holocene Advisors LP raised its stake in Carnival by 184.3% during the second quarter. Holocene Advisors LP now owns 10,289,947 shares of the company’s stock worth $289,353,000 after acquiring an additional 6,669,935 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Stock Up 0.8%

Shares of NYSE:CCL opened at $28.24 on Thursday. 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 $32.97 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.02 and a beta of 2.51. The company has a 50 day moving average of $28.44 and a 200-day moving average of $29.19. Carnival Corporation has a one year low of $15.07 and a one year high of $32.89.

Carnival (NYSE:CCL) last announced its quarterly earnings data on Friday, December 19th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Carnival had a net margin of 10.37% and a return on equity of 28.39%. The business had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Carnival has set its Q1 2026 guidance at 0.170-0.170 EPS and its FY 2026 guidance at 2.480-2.48 EPS. On average, sell-side analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current year.

Carnival Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, February 13th.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CCL shares. Tigress Financial boosted their target price on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. UBS Group increased their target price on shares of Carnival from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Barclays reduced their price target on shares of Carnival from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 17th. Wells Fargo & Company upped their price objective on shares of Carnival from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, December 22nd. Finally, Stifel Nicolaus lifted their target price on shares of Carnival from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.87.

Carnival Company Profile

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.