Retirement Systems of Alabama Sells 68,765 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Retirement Systems of Alabama decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 26.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 188,813 shares of the company's stock after selling 68,765 shares during the period. Retirement Systems of Alabama owned approximately 0.07% of Royal Caribbean Cruises worth $43,557,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. D1 Capital Partners L.P. raised its holdings in shares of 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 worth $278,502,000 after acquiring an additional 58,159 shares during the period. Swiss National Bank raised its stake in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company's stock valued at $128,699,000 after purchasing an additional 3,800 shares during the period. Disciplined Growth Investors Inc. MN lifted 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 in the last quarter. International Assets Investment Management LLC boosted its position in shares of Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock worth $72,696,000 after buying an additional 406,048 shares during the period. Finally, Pinnacle Associates Ltd. grew its holdings in shares of Royal Caribbean Cruises by 0.9% during the third 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 in the last quarter. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Up 1.3 %

RCL stock traded up $3.36 during trading on Wednesday, reaching $266.95. 1,466,465 shares of the stock were exchanged, compared to its average volume of 2,398,489. The firm's 50 day moving average is $241.16 and its 200 day moving average is $203.72. The firm has a market cap of $71.78 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 0.98 and a beta of 2.59. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same quarter last year, the company earned $1.25 EPS. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current 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 issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 20.58%.

Wall Street Analysts Forecast Growth

RCL has been the subject of a number of analyst reports. Wells Fargo & Company raised their target price on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. UBS Group upped their price objective on Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Susquehanna raised their target price on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $280.59.

Insiders Place Their Bets

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares of the company's stock, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 372,609 shares of company stock worth $87,647,208 in the last three months. 7.95% of the stock is currently owned by corporate insiders.

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.