Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 17.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,729 shares of the company's stock after acquiring an additional 3,074 shares during the period. Pacer Advisors Inc.'s holdings in Royal Caribbean Cruises were worth $4,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. KBC Group NV increased its stake in Royal Caribbean Cruises by 103.7% in the 4th quarter. KBC Group NV now owns 96,607 shares of the company's stock valued at $22,287,000 after buying an additional 49,176 shares during the period. Capital Asset Advisory Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $208,000. Blue Trust Inc. increased its stake in shares of Royal Caribbean Cruises by 74.7% during the fourth quarter. Blue Trust Inc. now owns 2,429 shares of the company's stock worth $560,000 after acquiring an additional 1,039 shares during the period. Strategic Investment Advisors MI raised its holdings in Royal Caribbean Cruises by 44.8% during the fourth quarter. Strategic Investment Advisors MI now owns 3,288 shares of the company's stock worth $759,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Andina Capital Management LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at about $764,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 372,609 shares of company stock worth $87,647,208. Corporate insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of RCL traded down $8.32 during mid-day trading on Friday, reaching $266.48. 2,175,733 shares of the company's stock were exchanged, compared to its average volume of 2,465,711. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-week high of $277.08. The company has a market cap of $71.65 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 0.55 and a beta of 2.59. The company has a 50-day simple moving average of $239.86 and a two-hundred day simple moving average of $201.20.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) 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 return on equity of 48.97% and a net margin of 17.46%. During the same quarter in the previous year, the firm posted $1.25 EPS. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 15 EPS 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. Investors of record on Friday, December 27th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises's payout ratio is 20.58%.

Analyst Ratings Changes

Several equities analysts have issued reports on RCL shares. Macquarie boosted their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday. Susquehanna upped their price objective on Royal Caribbean Cruises from $245.00 to $305.00 and gave the stock a "positive" rating in a report on Wednesday. Sanford C. Bernstein assumed coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an "outperform" rating and a $290.00 target price for the company. Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.