Teachers Retirement System of The State of Kentucky Lowers Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Teachers Retirement System of The State of Kentucky cut its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,645 shares of the company's stock after selling 19,818 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Royal Caribbean Cruises were worth $27,044,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ostrum Asset Management lifted its stake in shares of Royal Caribbean Cruises by 0.3% in the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock valued at $2,678,000 after purchasing an additional 40 shares during the period. CWM LLC raised its holdings in Royal Caribbean Cruises by 0.4% in the first quarter. CWM LLC now owns 12,816 shares of the company's stock worth $2,633,000 after purchasing an additional 45 shares in the last quarter. Forum Financial Management LP raised its holdings in Royal Caribbean Cruises by 1.5% in the first quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock worth $628,000 after purchasing an additional 46 shares in the last quarter. UMB Bank n.a. lifted its position in Royal Caribbean Cruises by 2.5% during the first quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock valued at $438,000 after buying an additional 52 shares during the period. Finally, Legacy Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 5.4% during the 1st quarter. Legacy Advisors LLC now owns 1,027 shares of the company's stock valued at $212,000 after buying an additional 53 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director directly owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

RCL stock traded up $1.94 on Friday, hitting $350.45. The company had a trading volume of 1,464,567 shares, compared to its average volume of 2,359,480. 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 12-month low of $130.08 and a 12-month high of $352.68. The stock has a market cap of $95.17 billion, a price-to-earnings ratio of 29.11, a P/E/G ratio of 1.04 and a beta of 2.17. The stock's 50-day simple moving average is $284.00 and its 200 day simple moving average is $246.19.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. Royal Caribbean Cruises's revenue was up 7.3% compared to the same quarter last year. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.86%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Wall Street Analyst Weigh In

RCL has been the subject of several research reports. Citigroup reiterated a "buy" rating and issued a $390.00 price target (up from $318.00) on shares of Royal Caribbean Cruises in a research note on Wednesday. Morgan Stanley raised their target price on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Susquehanna lowered their target price on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. UBS Group set a $311.00 price target on Royal Caribbean Cruises and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Loop Capital reaffirmed a "buy" rating and set a $290.00 price objective (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $297.50.

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.