Cahill Financial Advisors Inc. Cuts Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Cahill Financial Advisors Inc. lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 14.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,299 shares of the company's stock after selling 1,209 shares during the period. Cahill Financial Advisors Inc.'s holdings in Royal Caribbean Cruises were worth $1,684,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Capital International Investors lifted its holdings in shares of Royal Caribbean Cruises by 0.9% in the 4th quarter. Capital International Investors now owns 29,712,610 shares of the company's stock worth $6,854,905,000 after acquiring an additional 278,860 shares during the last quarter. Vanguard Group Inc. lifted its stake in Royal Caribbean Cruises by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock worth $6,476,003,000 after purchasing an additional 2,068,114 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Royal Caribbean Cruises by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after buying an additional 353,893 shares during the period. Norges Bank bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $707,833,000. Finally, Northern Trust Corp raised its holdings in shares of Royal Caribbean Cruises by 15.6% in the fourth quarter. Northern Trust Corp now owns 2,364,794 shares of the company's stock worth $545,534,000 after buying an additional 319,264 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Up 2.2 %

RCL stock traded up $5.01 on Thursday, hitting $233.02. 1,610,081 shares of the company's stock were exchanged, compared to its average volume of 2,299,078. The firm has a 50 day moving average price of $208.60 and a two-hundred day moving average price of $227.74. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $277.08. The stock has a market cap of $63.28 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $1.77 EPS. As a group, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises declared that its board has authorized a share repurchase program on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.29%. Royal Caribbean Cruises's payout ratio is 24.92%.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz sold 17,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $261.62, for a total value of $4,447,540.00. Following the sale, the chief financial officer now owns 42,127 shares in the company, valued at approximately $11,021,265.74. This represents a 28.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard D. Fain sold 19,500 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $256.68, for a total transaction of $5,005,260.00. Following the transaction, the director now directly owns 185,021 shares of the company's stock, valued at approximately $47,491,190.28. This trade represents a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,492 shares of company stock valued at $28,571,705. 7.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on RCL. BNP Paribas started coverage on Royal Caribbean Cruises in a research report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 price objective on the stock. The Goldman Sachs Group reduced their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Susquehanna dropped their target price on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. Mizuho reaffirmed an "outperform" rating and set a $253.00 target price (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Finally, Stifel Nicolaus lowered their price target on Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and a consensus price target of $273.05.

About Royal Caribbean Cruises

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.