Lincoln National Corp Trims Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Lincoln National Corp reduced its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 59.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,796 shares of the company's stock after selling 5,570 shares during the quarter. Lincoln National Corp's holdings in Royal Caribbean Cruises were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB boosted its position in Royal Caribbean Cruises by 120.9% in the fourth quarter. Nordea Investment Management AB now owns 194,018 shares of the company's stock valued at $25,149,000 after buying an additional 106,203 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Royal Caribbean Cruises by 1,672.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company's stock worth $2,440,000 after acquiring an additional 17,782 shares during the period. Retireful LLC purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $1,977,000. Redhawk Wealth Advisors Inc. acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at $1,120,000. Finally, Yousif Capital Management LLC boosted its holdings in Royal Caribbean Cruises by 38.0% in the fourth quarter. Yousif Capital Management LLC now owns 45,135 shares of the company's stock valued at $5,845,000 after purchasing an additional 12,429 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group boosted their price objective on Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a "buy" rating in a report on Friday, February 16th. Bank of America raised their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a "neutral" rating in a research note on Thursday, May 2nd. Wells Fargo & Company boosted their target price on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an "overweight" rating in a research note on Friday, April 26th. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an "overweight" rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $146.13.

Royal Caribbean Cruises Trading Down 0.5 %

Shares of RCL stock traded down $0.70 during trading on Friday, hitting $141.04. 1,154,438 shares of the stock traded hands, compared to its average volume of 2,802,960. Royal Caribbean Cruises Ltd. has a 52-week low of $73.93 and a 52-week high of $143.93. The firm has a market capitalization of $36.30 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 0.42 and a beta of 2.49. The firm's fifty day moving average price is $134.24 and its 200-day moving average price is $121.58. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same period in the prior year, the business posted ($0.23) EPS. The company's revenue was up 29.2% compared to the same quarter last year. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.15 earnings per share for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 9,944 shares of the firm's stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at approximately $2,356,705.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Henry L. Pujol sold 9,944 shares of the company's stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the sale, the chief accounting officer now owns 16,687 shares of the company's stock, valued at $2,356,705.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the transaction, the chief executive officer now owns 153,017 shares of the company's stock, valued at $21,365,763.71. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,697 shares of company stock worth $9,749,357. 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.