DekaBank Deutsche Girozentrale Has $9.92 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

DekaBank Deutsche Girozentrale lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 14.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,649 shares of the company's stock after selling 8,235 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Royal Caribbean Cruises were worth $9,922,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. raised its position in shares of Royal Caribbean Cruises by 618.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after purchasing an additional 99 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $35,000. Truvestments Capital LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $36,000. Capital A Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $40,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $46,000. Institutional investors own 87.53% of the company's stock.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director directly owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Down 0.8%

NYSE:RCL traded down $2.83 on Friday, reaching $338.53. The company's stock had a trading volume of 2,285,700 shares, compared to its average volume of 2,360,656. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. The firm has a market cap of $91.93 billion, a PE ratio of 28.12, a PEG ratio of 1.01 and a beta of 2.17. The business's 50-day moving average price is $270.38 and its two-hundred day moving average price is $241.63. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $342.56.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.18. The company had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. Royal Caribbean Cruises's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.77 earnings per share. Equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.89%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RCL. Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $310.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $268.00 to $318.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. The Goldman Sachs Group lowered 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 report on Wednesday, April 23rd. Finally, Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $293.90.

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.