Tributary Capital Management LLC Has $382,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Tributary Capital Management LLC lowered its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 31.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,655 shares of the company’s stock after selling 750 shares during the period. Tributary Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $382,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RCL. Fifth Third Bancorp grew its position in shares of Royal Caribbean Cruises by 4.1% during the 4th quarter. Fifth Third Bancorp now owns 15,356 shares of the company’s stock worth $3,542,000 after buying an additional 603 shares during the period. CX Institutional boosted its stake in Royal Caribbean Cruises by 14.7% during the fourth quarter. CX Institutional now owns 2,377 shares of the company’s stock worth $548,000 after acquiring an additional 305 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Royal Caribbean Cruises in the fourth quarter worth $331,000. Brighton Jones LLC increased its stake in Royal Caribbean Cruises by 12.2% in the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares in the last quarter. Finally, Yeomans Consulting Group Inc. acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $374,000. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RCL. Barclays raised their target price on Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Tigress Financial boosted their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Stifel Nicolaus lifted their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Finally, Macquarie upped their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $249.81.

Royal Caribbean Cruises Stock Down 2.3 %

Shares of NYSE:RCL opened at $232.59 on Friday. The company has a market capitalization of $62.54 billion, a PE ratio of 23.90, a price-to-earnings-growth 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 $258.70. 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 business has a fifty day moving average price of $237.76 and a two-hundred day moving average price of $198.49.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.85 earnings per share. Analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 22.61%.

Insiders Place Their Bets

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction 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 approximately $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. Insiders sold 404,332 shares of company stock valued at $94,299,521 over the last ninety days. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Company Profile

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.