UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 0.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,272,939 shares of the company's stock after selling 1,791 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.47% of Royal Caribbean Cruises worth $293,654,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Brown Brothers Harriman & Co. increased its position in Royal Caribbean Cruises by 618.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after acquiring an additional 99 shares during the period. Bay Harbor Wealth Management LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $36,000. Truvestments Capital LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $36,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Royal Caribbean Cruises by 100.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company's stock worth $46,000 after purchasing an additional 100 shares during the last quarter. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $46,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Jefferies Financial Group started coverage on shares of Royal Caribbean Cruises in a research note on Monday, March 31st. They issued a "hold" rating and a $230.00 price objective on the stock. Morgan Stanley lifted 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 report on Tuesday, May 6th. Susquehanna cut their price target 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. Wells Fargo & Company lifted their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Finally, Tigress Financial boosted their target price on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average target price of $271.95.

Royal Caribbean Cruises Price Performance

RCL stock traded up $15.01 during midday trading on Tuesday, hitting $255.13. 887,961 shares of the stock were exchanged, compared to its average volume of 2,267,565. The stock's 50-day moving average price is $215.93 and its 200-day moving average price is $231.25. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The stock has a market cap of $69.28 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 0.90 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $277.08.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced 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. The business had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.77 earnings per share. Research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.18%. Royal Caribbean Cruises's payout ratio is currently 24.92%.

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

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the firm'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 transaction, the director now directly owns 165,421 shares of the company's stock, valued at $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 available at this hyperlink. Insiders own 7.95% of the company's stock.

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.