Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 74.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,429 shares of the company’s stock after purchasing an additional 1,039 shares during the period. Blue Trust Inc.’s holdings in Royal Caribbean Cruises were worth $560,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. D1 Capital Partners L.P. increased its holdings in shares of Royal Caribbean Cruises by 3.8% during the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock worth $278,502,000 after buying an additional 58,159 shares during the last quarter. Swiss National Bank grew its position in Royal Caribbean Cruises by 0.5% in the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after acquiring an additional 3,800 shares during the period. Disciplined Growth Investors Inc. MN increased its stake in Royal Caribbean Cruises by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after acquiring an additional 13,520 shares during the last quarter. International Assets Investment Management LLC raised its position in Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares during the period. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Royal Caribbean Cruises by 0.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 353,175 shares of the company’s stock valued at $62,639,000 after purchasing an additional 3,235 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the sale, the director now owns 18,556,860 shares in the company, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the transaction, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 372,609 shares of company stock valued at $87,647,208. Insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

RCL has been the subject of a number of recent analyst reports. Susquehanna raised their price objective on Royal Caribbean Cruises from $245.00 to $305.00 and gave the stock a “positive” rating in a research report on Wednesday. The Goldman Sachs Group dropped their price target on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a report on Wednesday. Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an “overweight” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $274.19.

Royal Caribbean Cruises Price Performance

RCL stock opened at $274.94 on Friday. The business’s 50-day moving average is $239.12 and its two-hundred day moving average is $200.69. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a market capitalization of $73.93 billion, a P/E ratio of 28.26, a P/E/G ratio of 0.50 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $275.05.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. During the same quarter last year, the business earned $1.25 EPS. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were given a dividend of $0.55 per share. The ex-dividend date was Friday, December 27th. This represents a $2.20 annualized dividend and a dividend yield of 0.80%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 20.58%.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.