Mn Services Vermogensbeheer B.V. Trims Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,800 shares of the company's stock after selling 6,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Royal Caribbean Cruises were worth $18,243,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the completion of the transaction, the director now owns 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Up 2.1%

RCL stock traded up $5.48 during mid-day trading on Thursday, reaching $267.85. The company had a trading volume of 1,766,809 shares, compared to its average volume of 2,284,336. The firm has a fifty day simple moving average of $236.25 and a 200 day simple moving average of $234.44. The company has a market capitalization of $72.74 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 0.78 and a beta of 2.14. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $279.89. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18.

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

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.12%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Analyst Ratings Changes

RCL has been the topic of a number of recent research reports. BNP Paribas began coverage on shares of Royal Caribbean Cruises in a research report on Thursday, March 27th. They set an "outperform" rating and a $262.00 price target on the stock. Jefferies Financial Group started coverage on Royal Caribbean Cruises in a report on Monday, March 31st. They set a "hold" rating and a $230.00 price target on the stock. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $268.00 to $318.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Finally, Loop Capital reiterated a "buy" rating and issued a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $276.90.

Royal Caribbean Cruises Company 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.