Optas LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,057 shares of the company's stock, valued at approximately $244,000.
A number of other large investors also recently added to or reduced their stakes in RCL. Truist Financial Corp increased its stake 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 in the last quarter. Sanctuary Advisors LLC purchased a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $2,624,000. Czech National Bank raised its holdings in shares of Royal Caribbean Cruises by 6.9% during the third quarter. Czech National Bank now owns 48,244 shares of the company's stock valued at $8,557,000 after acquiring an additional 3,127 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Royal Caribbean Cruises by 14.4% in the third quarter. GAMMA Investing LLC now owns 5,707 shares of the company's stock valued at $1,012,000 after acquiring an additional 719 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the third quarter worth approximately $266,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Harri U. Kulovaara sold 3,256 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the transaction, the director now owns 18,556,860 shares of the company's stock, valued at $4,335,253,633.20. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 372,609 shares of company stock valued at $87,647,208 in the last 90 days. Company insiders own 7.95% of the company's stock.
Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an "overweight" rating in a research note on Friday, January 17th. Susquehanna increased 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 report on Wednesday, January 29th. Tigress Financial boosted their price target on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Mizuho reiterated an "outperform" rating and issued a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group lowered their target price on Royal Caribbean Cruises from $275.00 to $270.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and an average price target of $280.59.
View Our Latest Stock Report on RCL
Shares of RCL opened at $263.87 on Wednesday. The firm has a 50-day simple moving average of $240.77 and a two-hundred day simple moving average of $203.04. 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 Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08. The stock has a market cap of $70.95 billion, a PE ratio of 24.68, a P/E/G ratio of 0.98 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 (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same quarter last year, the business posted $1.25 EPS. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises's payout ratio is currently 20.58%.
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.
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