Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. cut its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 62.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,693 shares of the company's stock after selling 10,901 shares during the quarter. Bessemer Group Inc.'s holdings in Royal Caribbean Cruises were worth $1,374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its stake 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 valued at $27,000 after acquiring an additional 99 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $35,000. Truvestments Capital LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $36,000. Capital A Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at about $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on RCL shares. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Macquarie cut their price target on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the company a "buy" rating in a research report on Tuesday, May 20th. Citigroup increased their target price on Royal Caribbean Cruises from $268.00 to $318.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Finally, Melius Research upgraded 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 given a strong buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus price target of $276.90.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction dated 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 sale, the director now owns 165,421 shares in the company, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $310.69 on Monday. Royal Caribbean Cruises Ltd. has a twelve month low of $130.08 and a twelve month high of $310.88. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $84.37 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 0.92 and a beta of 2.14. The firm has a 50-day moving average of $249.05 and a two-hundred day moving average of $235.99.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued 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. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the company earned $1.77 EPS. Royal Caribbean Cruises's revenue was up 7.3% on a year-over-year basis. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.97%. Royal Caribbean Cruises's payout ratio is presently 24.92%.

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.

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