Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Increased by Forsta AP Fonden

Forsta AP Fonden increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.2% during the fourth quarter, Holdings Channel reports. The firm owned 66,400 shares of the company’s stock after purchasing an additional 100 shares during the period. Forsta AP Fonden’s holdings in Royal Caribbean Cruises were worth $15,318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Perigon Wealth Management LLC raised its holdings in shares of Royal Caribbean Cruises by 27.7% in the 4th quarter. Perigon Wealth Management LLC now owns 3,233 shares of the company’s stock worth $754,000 after purchasing an additional 701 shares in the last quarter. Lebenthal Global Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $276,000. Pacer Advisors Inc. raised its holdings in shares of Royal Caribbean Cruises by 17.4% in the 4th quarter. Pacer Advisors Inc. now owns 20,729 shares of the company’s stock worth $4,782,000 after purchasing an additional 3,074 shares in the last quarter. KBC Group NV raised its holdings in shares of Royal Caribbean Cruises by 103.7% during the fourth quarter. KBC Group NV now owns 96,607 shares of the company’s stock valued at $22,287,000 after acquiring an additional 49,176 shares during the period. Finally, Capital Asset Advisory Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $208,000. 87.53% of the stock is currently owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction 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. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 372,609 shares of company stock valued at $87,647,208. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Trading Up 1.3 %

Shares of RCL stock opened at $268.77 on Thursday. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-week high of $271.31. The stock has a market cap of $72.27 billion, a price-to-earnings ratio of 27.62, a P/E/G ratio of 0.50 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The firm has a fifty day moving average of $238.47 and a 200-day moving average of $200.21.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate 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 period last year, the business posted $1.25 EPS. On average, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 22.61%.

Wall Street Analyst Weigh In

RCL has been the topic of a number of recent analyst reports. Susquehanna boosted their price target on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a report on Wednesday. Mizuho restated an “outperform” rating and set a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, January 17th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Barclays boosted their price target on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an “overweight” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.06.

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.