Nisa Investment Advisors LLC Sells 312 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Nisa Investment Advisors LLC decreased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,023 shares of the company’s stock after selling 312 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $11,483,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RCL. Capital International Investors increased its stake in Royal Caribbean Cruises by 1.0% in the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after buying an additional 286,868 shares during the period. Vanguard Group Inc. increased its position in shares of Royal Caribbean Cruises by 0.5% during the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock worth $3,532,143,000 after acquiring an additional 132,079 shares during the period. Norges Bank purchased a new position in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $323,251,000. Swiss National Bank raised its stake in shares of Royal Caribbean Cruises by 2.8% during the fourth quarter. Swiss National Bank now owns 760,938 shares of the company’s stock valued at $98,534,000 after acquiring an additional 20,600 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in Royal Caribbean Cruises in the fourth quarter worth approximately $79,392,000. Institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of Royal Caribbean Cruises from $175.00 to $210.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. The Goldman Sachs Group raised their target price on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Barclays upped their price target on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Citigroup raised their price objective on Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Morgan Stanley upped their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Three research 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 a consensus target price of $182.13.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded up $3.00 during trading hours on Monday, hitting $160.80. The company’s stock had a trading volume of 910,185 shares, compared to its average volume of 2,588,233. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The company has a 50 day moving average of $156.93 and a 200 day moving average of $141.95. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $173.37. The stock has a market cap of $41.38 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 0.42 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.45. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm earned $1.82 EPS. On average, sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is 20.62%.

Insider Activity

In related news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the sale, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

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.