First Financial Bank Trust Division Decreases Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

First Financial Bank Trust Division cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,802 shares of the company's stock after selling 4,705 shares during the quarter. First Financial Bank Trust Division's holdings in Royal Caribbean Cruises were worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Capital International Investors increased its stake in shares of Royal Caribbean Cruises by 0.9% in the fourth quarter. Capital International Investors now owns 29,712,610 shares of the company's stock worth $6,854,905,000 after buying an additional 278,860 shares during the period. Vanguard Group Inc. lifted its stake in Royal Caribbean Cruises by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after acquiring an additional 2,068,114 shares during the period. Geode Capital Management LLC increased its stake in shares of Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after purchasing an additional 353,893 shares in the last quarter. Norges Bank bought a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $707,833,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Royal Caribbean Cruises by 24.0% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock worth $612,080,000 after acquiring an additional 513,702 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on RCL shares. The Goldman Sachs Group cut their target price on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. UBS Group set a $311.00 target price on shares of Royal Caribbean Cruises and gave the stock a "buy" rating in a report on Tuesday, May 20th. Loop Capital upgraded shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, March 5th. Stifel Nicolaus cut their price objective on shares of Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average target price of $271.95.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded up $3.56 during trading on Monday, hitting $260.53. 708,119 shares of the stock traded hands, compared to its average volume of 2,272,149. The firm's fifty day moving average is $218.65 and its 200-day moving average is $231.80. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $277.08. The stock has a market cap of $70.75 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 0.90 and a beta of 2.12.

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

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.15%. Royal Caribbean Cruises's payout ratio is 24.92%.

Royal Caribbean Cruises announced that its board has approved a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction on Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the sale, the director now directly owns 165,421 shares in the company, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.