Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,355 shares of the company’s stock after selling 7,128 shares during the period. Yousif Capital Management LLC’s holdings in Royal Caribbean Cruises were worth $7,464,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at $26,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Royal Caribbean Cruises in the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. grew its stake in shares of Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after buying an additional 121 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at about $31,000. Finally, Bay Harbor Wealth Management LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth approximately $36,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Up 1.3 %

NYSE RCL opened at $266.95 on Thursday. The firm has a market capitalization of $71.78 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 0.98 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $277.08. The company has a 50-day simple moving average of $241.16 and a 200-day simple moving average of $203.72. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17.

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 return on equity of 48.97% and a net margin of 17.46%. During the same period in the previous year, the business earned $1.25 EPS. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.96 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 given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.82%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 20.58%.

Wall Street Analyst Weigh In

RCL has been the topic of a number of analyst reports. Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective on the stock. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Argus boosted their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, 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 research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.59.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction dated Wednesday, November 20th. The shares were 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 $5,243,287.76. This represents a 12.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the transaction, the director now directly 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 372,609 shares of company stock worth $87,647,208. 7.95% of the stock is owned by company insiders.

About Royal Caribbean Cruises

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.