Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,330,739 shares of the company's stock after selling 53,657 shares during the period. Nuveen Asset Management LLC owned 0.49% of Royal Caribbean Cruises worth $306,988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Dorsey & Whitney Trust CO LLC boosted its holdings in Royal Caribbean Cruises by 2.0% in 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 last quarter. 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 in the last quarter. Farther Finance Advisors LLC grew 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 purchasing an additional 42 shares during the period. Hemington Wealth Management increased its position in Royal Caribbean Cruises by 9.0% during the 4th quarter. Hemington Wealth Management now owns 533 shares of the company's stock worth $123,000 after purchasing an additional 44 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in Royal Caribbean Cruises by 3.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company's stock worth $313,000 after purchasing an additional 47 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Down 1.1%

Shares of Royal Caribbean Cruises stock traded down $2.85 on Tuesday, hitting $251.18. 503,052 shares of the company's stock traded hands, compared to its average volume of 2,639,168. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $277.08. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The stock has a market cap of $68.21 billion, a P/E ratio of 23.49, a PEG ratio of 0.90 and a beta of 2.12. The firm's 50-day moving average is $212.98 and its 200 day moving average is $230.42.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 1.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.19%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 24.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Susquehanna reduced their price target on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Barclays lifted their target price 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. The Goldman Sachs Group decreased their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Truist Financial raised their price objective on Royal Caribbean Cruises from $272.00 to $275.00 and gave the company a "buy" rating in a research report on Monday. Finally, Mizuho reaffirmed an "outperform" rating and issued a $253.00 target price (down previously from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $271.95.

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.