Czech National Bank Purchases 5,390 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Czech National Bank boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,634 shares of the company's stock after buying an additional 5,390 shares during the quarter. Czech National Bank's holdings in Royal Caribbean Cruises were worth $12,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. FSM Wealth Advisors LLC increased its holdings in Royal Caribbean Cruises by 3.2% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company's stock worth $290,000 after acquiring an additional 51 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Royal Caribbean Cruises by 20.9% during the third quarter. Venturi Wealth Management LLC now owns 353 shares of the company's stock worth $63,000 after purchasing an additional 61 shares during the period. Venture Visionary Partners LLC increased its stake in shares of Royal Caribbean Cruises by 4.8% in the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company's stock worth $242,000 after purchasing an additional 62 shares in the last quarter. Empower Advisory Group LLC increased its stake in shares of Royal Caribbean Cruises by 3.7% in the third quarter. Empower Advisory Group LLC now owns 1,755 shares of the company's stock worth $311,000 after purchasing an additional 63 shares in the last quarter. Finally, Continuum Advisory LLC raised its position in shares of Royal Caribbean Cruises by 10.3% in the third quarter. Continuum Advisory LLC now owns 705 shares of the company's stock valued at $125,000 after purchasing an additional 66 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the sale, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares of the company's stock, valued at $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 404,332 shares of company stock valued at $94,299,521. Corporate insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Price Performance

RCL traded up $2.24 during trading on Tuesday, reaching $229.47. The stock had a trading volume of 1,995,955 shares, compared to its average volume of 2,002,282. The business has a 50-day moving average of $236.64 and a 200-day moving average of $194.55. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70. 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 stock has a market cap of $61.70 billion, a PE ratio of 23.58, a PEG ratio of 0.65 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company's revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company earned $3.85 EPS. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.96%. Royal Caribbean Cruises's payout ratio is 22.61%.

Analyst Ratings Changes

RCL has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Tigress Financial lifted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Bank of America increased their price objective on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. The Goldman Sachs Group upped their price target on Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Finally, Citigroup raised their price objective on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $243.25.

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.