Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 99.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,398 shares of the company's stock after selling 407,481 shares during the quarter. International Assets Investment Management LLC's holdings in Royal Caribbean Cruises were worth $549,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its stake in shares of Royal Caribbean Cruises by 9.8% during the second quarter. Private Advisor Group LLC now owns 9,370 shares of the company's stock valued at $1,494,000 after buying an additional 834 shares during the last quarter. Acadian Asset Management LLC increased its stake in Royal Caribbean Cruises by 245.6% in the second quarter. Acadian Asset Management LLC now owns 11,590 shares of the company's stock worth $1,846,000 after purchasing an additional 8,236 shares during the period. Caprock Group LLC lifted its position in shares of Royal Caribbean Cruises by 40.5% during the second quarter. Caprock Group LLC now owns 2,282 shares of the company's stock worth $364,000 after purchasing an additional 658 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Royal Caribbean Cruises during the second quarter valued at $58,000. Finally, Choreo LLC bought a new position in shares of Royal Caribbean Cruises in the second quarter worth about $1,234,000. 87.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Tigress Financial upped their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. StockNews.com raised Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average price target of $243.25.

Royal Caribbean Cruises Stock Down 0.2 %

RCL stock traded down $0.41 on Friday, hitting $226.81. 2,498,703 shares of the company's stock were exchanged, compared to its average volume of 2,022,916. The firm has a 50 day moving average price of $235.82 and a two-hundred day moving average price of $193.36. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $258.70. The stock has a market cap of $60.98 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company's revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.85 earnings per share. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Friday, December 27th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, December 27th. Royal Caribbean Cruises's payout ratio is 22.61%.

Insider Buying and Selling

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were 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 of the company's stock, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 6,723 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 in the last 90 days. Insiders own 7.95% of the company's stock.

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.