Royal Caribbean Cruises Ltd. (NYSE:RCL) Stake Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 6.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 68,926 shares of the company's stock after selling 4,761 shares during the period. Nisa Investment Advisors LLC's holdings in Royal Caribbean Cruises were worth $14,212,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its holdings 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 worth $27,000 after acquiring an additional 99 shares during the period. Optimum Investment Advisors acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at $31,000. Fourth Dimension Wealth LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at $35,000. Truvestments Capital LLC purchased a new stake in Royal Caribbean Cruises during the 4th quarter worth $36,000. Finally, Capital A Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded down $2.83 on Friday, hitting $338.53. 2,285,700 shares of the stock traded hands, compared to its average volume of 2,360,656. The company has a market capitalization of $91.93 billion, a PE ratio of 28.12, a PEG ratio of 1.01 and a beta of 2.17. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $342.56. The company's fifty day moving average is $270.38 and its 200 day moving average is $241.63. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15.

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 for the quarter, topping the consensus estimate 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 firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. Royal Caribbean Cruises's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.89%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 24.92%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays boosted their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research note on Wednesday. The Goldman Sachs Group reduced their price target on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $310.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday. Loop Capital reiterated a "buy" rating and set a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Finally, BNP Paribas initiated coverage on shares of Royal Caribbean Cruises in a research report on Thursday, March 27th. They set an "outperform" rating and a $262.00 target price on the stock. Four investment 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $293.90.

Insider Activity

In related news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction that occurred on 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 sale, the director owned 165,421 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Company insiders own 6.95% of the company's stock.

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.