Spirepoint Private Client LLC Has $5.86 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Spirepoint Private Client LLC cut its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 49.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,531 shares of the company's stock after selling 27,930 shares during the period. Spirepoint Private Client LLC's holdings in Royal Caribbean Cruises were worth $5,861,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RCL. Dorsey & Whitney Trust CO LLC increased its stake in Royal Caribbean Cruises by 2.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company's stock valued at $470,000 after acquiring an additional 39 shares during the period. Ostrum Asset Management lifted its holdings in shares of Royal Caribbean Cruises by 0.3% during the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock worth $2,678,000 after acquiring an additional 40 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 1.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company's stock worth $630,000 after acquiring an additional 42 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 3.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company's stock valued at $313,000 after acquiring an additional 47 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Royal Caribbean Cruises by 2.5% in the first quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock worth $438,000 after purchasing an additional 52 shares in the last quarter. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Up 2.5%

Shares of Royal Caribbean Cruises stock traded up $6.79 during trading hours on Tuesday, reaching $280.47. 2,372,792 shares of the company's stock were exchanged, compared to its average volume of 2,536,536. The stock has a market cap of $76.16 billion, a P/E ratio of 23.29, a P/E/G ratio of 0.81 and a beta of 2.14. The company has a 50 day moving average of $241.02 and a two-hundred day moving average of $234.67. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 2.21. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $285.75.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $4.02 billion. During the same period in the prior year, the firm earned $1.77 EPS. Royal Caribbean Cruises's quarterly revenue was up 7.3% compared to the same quarter last year. On average, 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 will be paid on Thursday, July 3rd. Investors 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 dividend yield of 1.07%. Royal Caribbean Cruises's payout ratio is 24.92%.

Analyst Upgrades and Downgrades

Several analysts recently commented on RCL shares. Citigroup boosted their price target on Royal Caribbean Cruises from $268.00 to $318.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $275.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Barclays raised their price target on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises has an average rating of "Moderate Buy" and an average price target of $276.90.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company's 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 transaction, the director now directly owns 165,421 shares in the company, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.95% of the stock is owned by company insiders.

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.