1,355 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,355 shares of the company’s stock, valued at approximately $315,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Crews Bank & Trust acquired a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $57,000. Capital Investment Advisory Services LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $215,000. Swedbank AB lifted its position in Royal Caribbean Cruises by 2,062.3% during the 4th quarter. Swedbank AB now owns 54,489 shares of the company’s stock worth $12,570,000 after acquiring an additional 51,969 shares in the last quarter. Strategic Blueprint LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $271,000. Finally, Perigon Wealth Management LLC lifted its position in Royal Caribbean Cruises by 27.7% during the 4th quarter. Perigon Wealth Management LLC now owns 3,233 shares of the company’s stock worth $754,000 after acquiring an additional 701 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $266.48 on Monday. The company has a market cap of $71.65 billion, a P/E ratio of 24.93, a PEG ratio of 0.55 and a beta of 2.59. The stock has a fifty day moving average price of $240.36 and a 200 day moving average price of $202.10. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same quarter in the prior year, the company posted $1.25 earnings per share. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 15 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RCL. Mizuho restated an “outperform” rating and set a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Bank of America lifted their price objective on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Tigress Financial lifted their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Susquehanna lifted their price objective on Royal Caribbean Cruises from $245.00 to $305.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Citigroup lifted their price objective on Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.19.

Insiders Place Their Bets

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the sale, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 372,609 shares of company stock worth $87,647,208. 7.95% of the stock is owned by company insiders.

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.