Keybank National Association OH Sells 2,953 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Keybank National Association OH decreased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 33.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,947 shares of the company's stock after selling 2,953 shares during the quarter. Keybank National Association OH's holdings in Royal Caribbean Cruises were worth $1,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. boosted its stake in shares of Royal Caribbean Cruises by 618.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Royal Caribbean Cruises in the fourth quarter worth about $35,000. Truvestments Capital LLC bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at approximately $36,000. Capital A Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $40,000. Finally, Spurstone Advisory Services LLC purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $46,000. Institutional investors own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the transaction, the director owned 165,421 shares of the company's stock, valued at $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock traded down $5.93 during trading on Monday, hitting $328.55. 3,425,453 shares of the company's stock traded hands, compared to its average volume of 2,362,615. The stock has a market capitalization of $89.22 billion, a P/E ratio of 27.29, a PEG ratio of 0.99 and a beta of 2.17. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15. The business has a 50-day simple moving average of $261.08 and a 200-day simple moving average of $239.01. Royal Caribbean Cruises Ltd. has a 1 year low of $130.08 and a 1 year high of $336.44.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.18. The business had revenue of $4 billion for 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%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.77 earnings per share. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.91%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 24.92%.

Analyst Ratings Changes

RCL has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Loop Capital reaffirmed a "buy" rating and issued a $290.00 price target (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Northcoast Research initiated coverage on Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a "buy" rating and a $279.00 price target on the stock. Barclays upped their price target on Royal Caribbean Cruises from $249.00 to $263.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen cut Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $284.65.

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.