China Universal Asset Management Co. Ltd. Sells 3,018 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

China Universal Asset Management Co. Ltd. cut its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 23.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,129 shares of the company’s stock after selling 3,018 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Royal Caribbean Cruises were worth $2,343,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other news, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, November 20th. The stock was 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 directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the 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 in the company, 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. Over the last three months, insiders have sold 372,609 shares of company stock valued at $87,647,208. 7.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RCL has been the topic of several research analyst reports. The Goldman Sachs Group decreased their price target on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup raised their target price on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Barclays raised their price objective on Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a research note on Wednesday. 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, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average target price of $274.19.

Royal Caribbean Cruises Trading Down 3.0 %

NYSE RCL opened at $266.48 on Friday. The stock has a market capitalization of $71.65 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 0.55 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $277.08. The stock’s 50 day moving average price is $240.36 and its two-hundred day moving average price is $201.89. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.16 and a current ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly 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 17.46% and a return on equity of 48.97%. During the same period last year, the company posted $1.25 EPS. As a group, analysts anticipate that Royal Caribbean Cruises Ltd. will post 15 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The business 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. This represents a $2.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 20.58%.

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.