Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Position Raised by CENTRAL TRUST Co

CENTRAL TRUST Co lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 329.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,283 shares of the company’s stock after buying an additional 3,286 shares during the period. CENTRAL TRUST Co’s holdings in Royal Caribbean Cruises were worth $988,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Plato Investment Management Ltd bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at about $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. boosted its stake in Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the period. ORG Wealth Partners LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter valued at about $40,000. Finally, LRI Investments LLC acquired a new position in Royal Caribbean Cruises during the 3rd quarter valued at about $31,000. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 372,609 shares of company stock worth $87,647,208 in the last quarter. 7.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RCL shares. JPMorgan Chase & Co. boosted their target price 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. Macquarie upped 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 note on Thursday, January 30th. Citigroup increased 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, January 29th. Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Argus boosted their price target on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $275.13.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $260.98 on Tuesday. 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 1 year low of $113.10 and a 1 year high of $277.08. The company has a fifty day simple moving average of $240.36 and a 200 day simple moving average of $202.36. The company has a market cap of $70.17 billion, a P/E ratio of 24.41, a P/E/G ratio of 0.98 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data 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 17.46% and a return on equity of 48.97%. During the same period in the previous year, the business posted $1.25 earnings per share. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 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.