Pathstone Holdings LLC Cuts Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Pathstone Holdings LLC cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,501 shares of the company's stock after selling 2,022 shares during the period. Pathstone Holdings LLC's holdings in Royal Caribbean Cruises were worth $9,342,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC boosted its position in Royal Caribbean Cruises by 2.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company's stock worth $470,000 after purchasing an additional 39 shares during the period. Ostrum Asset Management boosted its holdings in shares of Royal Caribbean Cruises by 0.3% in the fourth quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock valued at $2,678,000 after acquiring an additional 40 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Royal Caribbean Cruises by 1.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company's stock valued at $630,000 after purchasing an additional 42 shares during the last quarter. Hemington Wealth Management lifted its position in shares of Royal Caribbean Cruises by 9.0% in the 4th quarter. Hemington Wealth Management now owns 533 shares of the company's stock valued at $123,000 after acquiring an additional 44 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in Royal Caribbean Cruises by 3.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company's stock worth $313,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of research analyst reports. Stifel Nicolaus lowered their target price on shares of Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group initiated coverage on shares of Royal Caribbean Cruises in a research report on Monday, March 31st. They issued a "hold" rating and a $230.00 price objective for the company. BNP Paribas started coverage on shares of Royal Caribbean Cruises in a research note on Thursday, March 27th. They issued an "outperform" rating and a $262.00 target price on the stock. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Macquarie lowered their price target on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $271.95.

Insider Buying and Selling

In other news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the completion of the transaction, the director now owns 165,421 shares of the company's stock, valued at $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Down 2.0%

RCL stock traded down $5.04 during trading on Tuesday, reaching $248.99. The stock had a trading volume of 1,363,391 shares, compared to its average volume of 2,281,387. The company has a market capitalization of $67.62 billion, a P/E ratio of 23.29, a PEG ratio of 0.90 and a beta of 2.12. The firm has a fifty day moving average price of $212.98 and a 200 day moving average price of $230.42. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year 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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the firm posted $1.77 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

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 annualized dividend and a yield of 1.20%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Royal Caribbean Cruises announced that its board has approved a share buyback 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 generally a sign that the company's board of directors believes its stock is undervalued.

About Royal Caribbean Cruises

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.