Natixis Advisors LLC Sells 22,145 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Natixis Advisors LLC has reduced its stake in Royal Caribbean Cruises Ltd. by 12.5%, selling 22,145 shares, and now holds approximately 0.06% of the company worth around $31.73 million.
• Royal Caribbean Cruises reported $4.38 earnings per share for its latest quarter, exceeding analyst expectations of $4.04, alongside a 20.97% net margin.
• The company recently announced a quarterly dividend of $0.75, translating to an annual yield of 0.9% and a dividend payout ratio of 22.49%.

Natixis Advisors LLC lowered its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,453 shares of the company's stock after selling 22,145 shares during the period. Natixis Advisors LLC owned about 0.06% of Royal Caribbean Cruises worth $31,731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of RCL. Financial Gravity Asset Management Inc. purchased a new stake in Royal Caribbean Cruises in the 1st quarter worth about $25,000. Hughes Financial Services LLC bought a new stake in Royal Caribbean Cruises in the 1st quarter worth approximately $26,000. Brown Brothers Harriman & Co. raised its position in Royal Caribbean Cruises by 618.8% in the 4th 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. Optimum Investment Advisors purchased a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $31,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $316.93 on Friday. The company has a market cap of $86.06 billion, a PE ratio of 23.76, a P/E/G ratio of 0.93 and a beta of 2.17. The firm's 50 day moving average price is $301.16 and its 200-day moving average price is $253.21. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.15 and a current ratio of 0.23. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%. The firm had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.54 billion. During the same period in the prior year, the business posted $3.21 EPS. The firm's quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.9%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 22.49%.

Insider Buying and Selling

In other news, Director Richard D. Fain sold 19,600 shares of the business's 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 sale, the director directly owned 165,421 shares of the company's stock, valued at $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The sale 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reduced their target price on 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. Northcoast Research assumed coverage on shares of Royal Caribbean Cruises in a research note on Friday, April 25th. They set a "buy" rating and a $279.00 price objective for the company. TD Cowen initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 price target for the company. Citigroup raised their target price on Royal Caribbean Cruises from $390.00 to $399.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $321.10.

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.

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