Orion Portfolio Solutions LLC Reduces Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Orion Portfolio Solutions LLC cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 36.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,581 shares of the company's stock after selling 5,444 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Royal Caribbean Cruises were worth $1,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company's stock worth $326,616,000 after acquiring an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. boosted its position in Royal Caribbean Cruises by 3.8% during 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 period. Swiss National Bank boosted 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 valued at $128,699,000 after buying an additional 3,800 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Royal Caribbean Cruises by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company's stock worth $90,969,000 after buying an additional 1,865 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Royal Caribbean Cruises by 4.5% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company's stock valued at $79,415,000 after acquiring an additional 21,326 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price target on the stock. Truist Financial lifted their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. StockNews.com raised shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Tigress Financial boosted their price objective 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. Finally, Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $239.75.

Insider Buying and Selling

In related news, 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares of the company's stock, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. 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 90 days. Company insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Stock Up 0.5 %

NYSE RCL traded up $1.11 during mid-day trading on Friday, reaching $245.26. The stock had a trading volume of 1,931,093 shares, compared to its average volume of 2,326,271. The company has a fifty day moving average price of $221.05 and a 200 day moving average price of $181.23. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $258.70. The stock has a market cap of $65.94 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion during the quarter, compared to analysts' expectations of $4.89 billion. During the same quarter in the previous year, the business earned $3.85 earnings per share. The company's revenue was up 17.5% on a year-over-year basis. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Friday, December 27th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.90%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 22.61%.

Royal Caribbean Cruises 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.