CENTRAL TRUST Co Increases Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

CENTRAL TRUST Co grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 329.6% in the fourth quarter, according to its most recent disclosure with the SEC. 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.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC increased its stake in shares of Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after acquiring an additional 406,048 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Royal Caribbean Cruises by 138.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock worth $28,703,000 after buying an additional 93,899 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Royal Caribbean Cruises during the third quarter worth about $14,544,000. Dakota Wealth Management grew its position in Royal Caribbean Cruises by 3,935.2% during the third quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock worth $13,635,000 after buying an additional 74,966 shares during the period. Finally, Mizuho Securities USA LLC grew its position in Royal Caribbean Cruises by 372.6% during the third quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after buying an additional 68,008 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction on 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 372,609 shares of company stock worth $87,647,208 in the last quarter. 7.95% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on RCL shares. Bank of America upped their target price on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Citigroup raised their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Finally, StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average price target of $275.13.

Royal Caribbean Cruises Stock Down 2.1 %

Shares of RCL opened at $260.98 on Tuesday. The firm has a market cap of $70.17 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 0.98 and a beta of 2.59. The company’s fifty day moving average is $240.36 and its two-hundred day moving average is $202.36. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $277.08. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share 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 last year, the firm posted $1.25 EPS. Analysts forecast that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current 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 issued a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.84%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 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.