Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by GTS Securities LLC

GTS Securities LLC lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 91.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,359 shares of the company's stock after selling 34,358 shares during the period. GTS Securities LLC's holdings in Royal Caribbean Cruises were worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in RCL. Mutual Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 34.9% during the 4th quarter. Mutual Advisors LLC now owns 2,715 shares of the company's stock worth $633,000 after buying an additional 702 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of Royal Caribbean Cruises by 77.9% during the 4th quarter. Avior Wealth Management LLC now owns 920 shares of the company's stock worth $212,000 after buying an additional 403 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after buying an additional 143 shares during the last quarter. CX Institutional increased its holdings in shares of Royal Caribbean Cruises by 14.7% during the 4th quarter. CX Institutional now owns 2,377 shares of the company's stock worth $548,000 after buying an additional 305 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Royal Caribbean Cruises by 4.1% during the 4th quarter. Fifth Third Bancorp now owns 15,356 shares of the company's stock worth $3,542,000 after buying an additional 603 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Transactions at Royal Caribbean Cruises

In related 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 value of $4,960,760.00. Following the completion of the sale, the director now directly owns 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RCL. Wells Fargo & Company lifted their target price on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Jefferies Financial Group began coverage on shares of Royal Caribbean Cruises in a report on Monday, March 31st. They issued a "hold" rating and a $230.00 target price for the company. The Goldman Sachs Group dropped 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. Northcoast Research began coverage on shares of Royal Caribbean Cruises in a report on Friday, April 25th. They issued a "buy" rating and a $279.00 target price for the company. Finally, Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the company a "buy" rating in a report on Friday, February 7th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $271.95.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $240.35 on Monday. The stock has a market cap of $65.27 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12. The company has a fifty day simple moving average of $215.42 and a 200-day simple moving average of $231.15. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $277.08. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.77 EPS. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

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

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.25%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 24.92%.

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.

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