Robeco Institutional Asset Management B.V. Cuts Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Robeco Institutional Asset Management B.V. reduced its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,256 shares of the company’s stock after selling 17,328 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Royal Caribbean Cruises were worth $24,051,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC lifted its position in shares of Royal Caribbean Cruises by 27.7% during the fourth quarter. Perigon Wealth Management LLC now owns 3,233 shares of the company’s stock valued at $754,000 after buying an additional 701 shares during the last quarter. Lebenthal Global Advisors LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $276,000. Pacer Advisors Inc. lifted its position in Royal Caribbean Cruises by 17.4% during the fourth quarter. Pacer Advisors Inc. now owns 20,729 shares of the company’s stock valued at $4,782,000 after acquiring an additional 3,074 shares during the last quarter. KBC Group NV boosted its stake in Royal Caribbean Cruises by 103.7% in the fourth quarter. KBC Group NV now owns 96,607 shares of the company’s stock valued at $22,287,000 after acquiring an additional 49,176 shares in the last quarter. Finally, Capital Asset Advisory Services LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter worth $208,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 2.2 %

Shares of NYSE:RCL opened at $274.94 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $275.05. The business has a 50 day moving average of $239.12 and a two-hundred day moving average of $200.69. The company has a market capitalization of $73.93 billion, a PE ratio of 28.26, a PEG ratio of 0.50 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. During the same period in the previous year, the company posted $1.25 earnings per share. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

Insider Activity at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, November 19th. The stock was 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 in the company, valued at approximately $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,609 shares of company stock worth $87,647,208 in the last 90 days. Corporate insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RCL. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Bank of America raised their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Mizuho restated an “outperform” rating and set a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday, January 23rd. Argus lifted their target price on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average target price of $274.19.

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.