Pathstone Holdings LLC Sells 2,022 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

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

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC increased its stake in Royal Caribbean Cruises by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company's stock valued at $544,000 after purchasing an additional 50 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Royal Caribbean Cruises by 7.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,177 shares of the company's stock worth $1,425,000 after purchasing an additional 438 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Royal Caribbean Cruises by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 6,630 shares of the company's stock worth $1,530,000 after buying an additional 1,111 shares during the last quarter. Burney Co. purchased a new stake in Royal Caribbean Cruises during the fourth quarter valued at about $241,000. Finally, Essex Savings Bank acquired a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

NYSE RCL traded up $0.01 during midday trading on Thursday, hitting $237.76. The company had a trading volume of 394,905 shares, compared to its average volume of 2,272,179. 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 firm has a fifty day simple moving average of $214.31 and a two-hundred day simple moving average of $230.60. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $277.08. The stock has a market cap of $64.57 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 0.90 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping 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 return on equity of 48.97% and a net margin of 17.46%. Royal Caribbean Cruises's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 EPS. Equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

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

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.26%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Insider Activity

In related news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the sale, the director now owns 165,421 shares of the company's stock, valued at $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Wells Fargo & Company upped their price target on Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Citigroup boosted their target price on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Jefferies Financial Group started coverage on shares of Royal Caribbean Cruises in a report on Monday, March 31st. They set a "hold" rating and a $230.00 price target for the company. Finally, The Goldman Sachs Group decreased their price objective 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. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company 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.