Greenleaf Trust Raises Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Greenleaf Trust raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,666 shares of the company’s stock after buying an additional 146 shares during the quarter. Greenleaf Trust’s holdings in Royal Caribbean Cruises were worth $1,307,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. D1 Capital Partners L.P. lifted its holdings in Royal Caribbean Cruises by 3.8% during the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock worth $278,502,000 after acquiring an additional 58,159 shares during the period. Swiss National Bank grew its position in shares of Royal Caribbean Cruises by 0.5% in the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after purchasing an additional 3,800 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in Royal Caribbean Cruises by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after buying an additional 13,520 shares in the last quarter. International Assets Investment Management LLC grew its position in Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after buying an additional 406,048 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its position in Royal Caribbean Cruises by 0.9% during the third quarter. Pinnacle Associates Ltd. now owns 353,175 shares of the company’s stock worth $62,639,000 after buying an additional 3,235 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $260.98 on Tuesday. The business’s fifty day simple moving average is $240.36 and its two-hundred day simple moving average is $202.36. 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 12 month low of $113.10 and a 12 month high of $277.08. The company has a market cap of $70.17 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 0.98 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $1.25 EPS. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a $0.55 dividend. 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 0.84%. Royal Caribbean Cruises’s dividend payout ratio is currently 20.58%.

Wall Street Analyst Weigh In

RCL has been the subject of a number of research reports. The Goldman Sachs Group cut their price objective on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a report on Friday, January 24th. Mizuho reaffirmed an “outperform” rating and set a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price target on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Citigroup upped their price target on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Three investment 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $275.13.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction dated 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 transaction, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the sale, the director now directly owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 372,609 shares of company stock valued at $87,647,208 over the last ninety days. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Company 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.