Vaughan Nelson Investment Management L.P. Sells 432,810 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Vaughan Nelson Investment Management L.P. cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 91.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,040 shares of the company's stock after selling 432,810 shares during the quarter. Vaughan Nelson Investment Management L.P.'s holdings in Royal Caribbean Cruises were worth $8,841,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RCL. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Royal Caribbean Cruises by 3.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,640 shares of the company's stock valued at $3,624,000 after acquiring an additional 554 shares during the last quarter. New England Research & Management Inc. acquired a new position in Royal Caribbean Cruises in the 1st quarter worth about $719,000. Ipswich Investment Management Co. Inc. boosted its stake in shares of Royal Caribbean Cruises by 2.7% during the first quarter. Ipswich Investment Management Co. Inc. now owns 2,319 shares of the company's stock valued at $476,000 after purchasing an additional 60 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of Royal Caribbean Cruises by 8.3% during the first quarter. CVA Family Office LLC now owns 924 shares of the company's stock valued at $190,000 after purchasing an additional 71 shares in the last quarter. Finally, Argus Investors Counsel Inc. grew its holdings in shares of Royal Caribbean Cruises by 331.6% during the first quarter. Argus Investors Counsel Inc. now owns 5,826 shares of the company's stock worth $1,197,000 after purchasing an additional 4,476 shares during the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RCL has been the topic of a number of research reports. Susquehanna reduced their target price on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Northcoast Research initiated coverage on shares of Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a "buy" rating and a $279.00 price objective on the stock. UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the company a "buy" rating in a report on Tuesday, May 20th. Melius Research raised Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Barclays upped their price target on Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Four equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $276.90.

Royal Caribbean Cruises Stock Up 2.5%

Shares of NYSE RCL traded up $6.48 during midday trading on Monday, hitting $264.56. 1,967,397 shares of the stock traded hands, compared to its average volume of 2,286,491. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year high of $279.89. The business has a 50 day moving average price of $232.33 and a two-hundred day moving average price of $233.87. The company has a market cap of $71.84 billion, a PE ratio of 24.75, a P/E/G ratio of 0.90 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. The business 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 business posted $1.77 EPS. Royal Caribbean Cruises's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.13%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 24.92%.

Insiders Place Their Bets

In related news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction on 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 completion of the sale, the director now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.