USS Investment Management Ltd Sells 12,513 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

USS Investment Management Ltd reduced its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 23.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,444 shares of the company's stock after selling 12,513 shares during the quarter. USS Investment Management Ltd's holdings in Royal Caribbean Cruises were worth $9,567,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Capital International Investors increased its stake in shares of Royal Caribbean Cruises by 0.9% during the fourth quarter. Capital International Investors now owns 29,712,610 shares of the company's stock worth $6,854,905,000 after purchasing an additional 278,860 shares during the period. Vanguard Group Inc. grew its holdings in Royal Caribbean Cruises by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after buying an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC increased its position in Royal Caribbean Cruises by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after buying an additional 353,893 shares during the period. Norges Bank acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $707,833,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Royal Caribbean Cruises by 24.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock worth $612,080,000 after buying an additional 513,702 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the sale, the director now directly owns 165,421 shares in the company, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock traded up $15.01 during midday trading on Tuesday, reaching $255.13. The company's stock had a trading volume of 887,961 shares, compared to its average volume of 2,267,565. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The stock has a market cap of $69.28 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $277.08. The business has a 50-day moving average price of $215.93 and a 200-day moving average price of $231.25.

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 (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.18. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. The firm's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.77 EPS. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its board has approved a stock repurchase program on Wednesday, February 12th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 1.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 1.18%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Analysts Set New Price Targets

A number of equities analysts recently commented on RCL shares. Loop Capital raised shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, March 5th. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Stifel Nicolaus dropped their price target on shares of Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Argus boosted their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $271.95.

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.