Yousif Capital Management LLC Has $7.46 Million Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Yousif Capital Management LLC lowered its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,355 shares of the company's stock after selling 7,128 shares during the period. Yousif Capital Management LLC's holdings in Royal Caribbean Cruises were worth $7,464,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RCL. Truist Financial Corp grew its holdings in shares of Royal Caribbean Cruises by 19.2% during the second quarter. Truist Financial Corp now owns 20,958 shares of the company's stock worth $3,341,000 after purchasing an additional 3,369 shares during the last quarter. Czech National Bank grew its holdings in Royal Caribbean Cruises by 6.9% during the 3rd quarter. Czech National Bank now owns 48,244 shares of the company's stock worth $8,557,000 after acquiring an additional 3,127 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at about $266,000. Fulton Bank N.A. bought a new position in shares of Royal Caribbean Cruises in the third quarter worth about $864,000. Finally, Ignite Planners LLC lifted its position in shares of Royal Caribbean Cruises by 4.3% during the third quarter. Ignite Planners LLC now owns 1,856 shares of the company's stock worth $329,000 after purchasing an additional 77 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RCL has been the subject of several research analyst reports. Truist Financial boosted 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 report on Monday, December 2nd. Bank of America raised their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. Susquehanna boosted 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, January 29th. Macquarie raised their target price on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group dropped their price target on shares of 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. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and a consensus target price of $284.12.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the sale, the director now owns 18,556,860 shares in the company, valued at $4,335,253,633.20. This represents a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 owns 22,348 shares of the company's stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, 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 Stock Down 2.1 %

Royal Caribbean Cruises stock traded down $5.74 during midday trading on Friday, reaching $264.47. The stock had a trading volume of 869,524 shares, compared to its average volume of 2,350,873. The firm's fifty day simple moving average is $242.24 and its 200-day simple moving average is $204.62. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The stock has a market capitalization of $71.11 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 0.98 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping 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 in the prior year, the business posted $1.25 earnings per share. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises's payout ratio is presently 20.58%.

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.