KBC Group NV Grows Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

KBC Group NV grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 103.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 96,607 shares of the company's stock after buying an additional 49,176 shares during the period. KBC Group NV's holdings in Royal Caribbean Cruises were worth $22,287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RCL. D1 Capital Partners L.P. grew its position in shares of Royal Caribbean Cruises by 3.8% in the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company's stock valued at $278,502,000 after purchasing 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 worth $128,699,000 after purchasing an additional 3,800 shares during the period. Disciplined Growth Investors Inc. MN increased its holdings in shares of Royal Caribbean Cruises by 2.3% in the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company's stock valued at $104,918,000 after purchasing an additional 13,520 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock valued at $72,696,000 after purchasing an additional 406,048 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Royal Caribbean Cruises by 0.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 353,175 shares of the company's stock worth $62,639,000 after buying an additional 3,235 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Argus raised their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday. The Goldman Sachs Group reduced their price target on Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating for the company in a research note on Friday, January 24th. 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 objective on the stock. Barclays boosted their target price on shares of Royal Caribbean Cruises from $287.00 to $308.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Truist Financial lifted 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 note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average price target of $271.06.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 22,348 shares of the company's stock, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 372,609 shares of company stock worth $87,647,208. Insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of RCL stock traded up $3.52 on Wednesday, reaching $268.77. The company had a trading volume of 2,694,482 shares, compared to its average volume of 2,496,932. The business's 50-day moving average is $238.47 and its 200 day moving average is $200.21. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $271.31. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $72.27 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 0.50 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. During the same quarter in the previous year, the firm earned $1.25 EPS. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises's payout ratio is presently 22.61%.

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.