Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Decreased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 10.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,340,619 shares of the company's stock after selling 152,377 shares during the period. Price T Rowe Associates Inc. MD owned about 0.50% of Royal Caribbean Cruises worth $309,269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RCL. Venturi Wealth Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 511.0% in the 4th quarter. Venturi Wealth Management LLC now owns 2,157 shares of the company's stock valued at $498,000 after buying an additional 1,804 shares in the last quarter. Park Avenue Securities LLC lifted its position in Royal Caribbean Cruises by 20.1% during the fourth quarter. Park Avenue Securities LLC now owns 6,630 shares of the company's stock valued at $1,530,000 after acquiring an additional 1,111 shares during the last quarter. Lorne Steinberg Wealth Management Inc. acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $231,000. Geode Capital Management LLC grew its holdings in Royal Caribbean Cruises by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after purchasing an additional 353,893 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Royal Caribbean Cruises by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 291,027 shares of the company's stock worth $67,137,000 after purchasing an additional 7,740 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RCL shares. Barclays dropped their price objective on shares of Royal Caribbean Cruises from $308.00 to $249.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company increased their target price on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. The Goldman Sachs Group reduced their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Loop Capital upgraded Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price objective for the company in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $272.85.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 58,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $261.95, for a total transaction of $15,193,100.00. Following the completion of the sale, the chief executive officer now directly owns 143,214 shares in the company, valued at $37,514,907.30. This represents a 28.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Laura H. Bethge sold 14,992 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $261.86, for a total transaction of $3,925,805.12. Following the completion of the transaction, the insider now owns 21,155 shares in the company, valued at $5,539,648.30. The trade was a 41.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,492 shares of company stock worth $28,571,705 in the last ninety days. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Trading Up 0.1 %

RCL stock traded up $0.18 during midday trading on Tuesday, hitting $216.49. The stock had a trading volume of 4,247,182 shares, compared to its average volume of 2,313,114. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $277.08. The firm has a market cap of $58.78 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 0.90 and a beta of 2.26. The company's 50-day moving average price is $210.95 and its 200 day moving average price is $226.99. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company earned $1.77 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 7th were paid a dividend of $0.75 per share. The ex-dividend date was Friday, March 7th. This is a boost from Royal Caribbean Cruises's previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a dividend yield of 1.39%. Royal Caribbean Cruises's payout ratio is currently 28.06%.

Royal Caribbean Cruises declared that its board has approved a stock repurchase program on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

Royal Caribbean Cruises Company 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.