Dumont & Blake Investment Advisors LLC Decreases Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Dumont & Blake Investment Advisors LLC trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,281 shares of the company’s stock after selling 552 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at $5,243,287.76. The trade was a 12.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction dated 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. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,609 shares of company stock valued at $87,647,208. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $274.94 on Friday. The firm’s fifty day simple moving average is $239.12 and its 200-day simple moving average is $200.69. The stock has a market capitalization of $73.93 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.55 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $275.05. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period in the previous year, the business posted $1.25 EPS. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 15 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 paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 annualized dividend and a yield of 0.80%. Royal Caribbean Cruises’s dividend payout ratio is currently 20.58%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Mizuho restated an “outperform” rating and set a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Truist Financial raised their price objective on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Argus lifted their price target on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Susquehanna lifted their price target on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a research 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 target price of $274.19.

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.