Kentucky Retirement Systems Sells 945 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kentucky Retirement Systems trimmed its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,916 shares of the company’s stock after selling 945 shares during the quarter. Kentucky Retirement Systems’ holdings in Royal Caribbean Cruises were worth $2,491,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Blair William & Co. IL increased its stake in Royal Caribbean Cruises by 37.4% in the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after acquiring an additional 27,819 shares during the last quarter. Keystone Financial Group acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $209,000. Quadrant Capital Group LLC boosted its position in Royal Caribbean Cruises by 19.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock valued at $232,000 after buying an additional 285 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Royal Caribbean Cruises by 1,672.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock valued at $2,440,000 after buying an additional 17,782 shares in the last quarter. Finally, Retireful LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $1,977,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Trading Down 0.6 %

RCL stock traded down $0.96 during midday trading on Monday, hitting $152.60. The stock had a trading volume of 1,021,134 shares, compared to its average volume of 2,512,364. The firm has a market cap of $39.27 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 0.44 and a beta of 2.62. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $173.37. The business has a fifty day moving average price of $156.33 and a two-hundred day moving average price of $139.05.

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

Royal Caribbean Cruises Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 20.62%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Mizuho raised their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Finally, Barclays lifted their price target on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $172.25.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the sale, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the sale, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Henry L. Pujol sold 9,944 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the sale, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,884 shares of company stock valued at $15,071,485. Corporate insiders own 7.95% of the company’s stock.

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.