National Pension Service Reduces Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

National Pension Service lowered its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 361,700 shares of the company’s stock after selling 6,831 shares during the period. National Pension Service owned 0.14% of Royal Caribbean Cruises worth $64,151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venture Visionary Partners LLC boosted its position in Royal Caribbean Cruises by 4.8% in the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock valued at $242,000 after buying an additional 62 shares during the last quarter. Ignite Planners LLC boosted its holdings in shares of Royal Caribbean Cruises by 4.3% in the 3rd quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock valued at $329,000 after acquiring an additional 77 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Royal Caribbean Cruises by 50.3% in the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 1.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,095 shares of the company’s stock worth $1,291,000 after purchasing an additional 81 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Royal Caribbean Cruises by 38.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 293 shares of the company’s stock valued at $47,000 after purchasing an additional 82 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,596 shares of company stock valued at $8,090,059. 7.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RCL. UBS Group lifted their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America boosted their price target on Royal Caribbean Cruises from $205.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Truist Financial boosted their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $214.00.

Royal Caribbean Cruises Stock Up 3.1 %

Shares of NYSE RCL opened at $210.77 on Wednesday. The stock has a market cap of $56.67 billion, a PE ratio of 21.66, a P/E/G ratio of 0.53 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 12-month low of $89.75 and a 12-month high of $214.12. The company has a 50-day moving average of $182.72 and a 200 day moving average of $163.12.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the company posted $3.85 earnings per share. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

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.