Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Forsta AP Fonden

Forsta AP Fonden boosted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,400 shares of the company’s stock after purchasing an additional 100 shares during the period. Forsta AP Fonden’s holdings in Royal Caribbean Cruises were worth $15,318,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RCL. Public Sector Pension Investment Board grew its holdings in Royal Caribbean Cruises by 93.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 8,127 shares of the company’s stock valued at $1,296,000 after purchasing an additional 3,925 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Royal Caribbean Cruises by 144.4% during the 2nd quarter. NewEdge Advisors LLC now owns 14,115 shares of the company’s stock valued at $2,250,000 after purchasing an additional 8,340 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises during the 2nd quarter valued at $260,000. Truist Financial Corp grew its holdings in Royal Caribbean Cruises by 19.2% during the 2nd quarter. Truist Financial Corp now owns 20,958 shares of the company’s stock valued at $3,341,000 after purchasing an additional 3,369 shares in the last quarter. Finally, Granite Bay Wealth Management LLC acquired a new stake in Royal Caribbean Cruises during the 2nd quarter valued at $253,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the sale, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,609 shares of company stock worth $87,647,208. 7.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on RCL. Bank of America increased their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Mizuho reiterated an “outperform” rating and set a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Truist Financial increased their price objective on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $271.06.

Royal Caribbean Cruises Trading Up 1.3 %

Royal Caribbean Cruises stock opened at $268.77 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The firm has a 50-day moving average price of $238.47 and a two-hundred day moving average price of $200.21. The firm has a market capitalization of $72.27 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 0.50 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-week high of $271.31.

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 analysts’ consensus estimates 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 quarter last year, the business posted $1.25 earnings per share. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 22.61%.

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.