Generate Investment Management Ltd Reduces Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Generate Investment Management Ltd reduced its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 47.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,531 shares of the company’s stock after selling 76,855 shares during the period. Royal Caribbean Cruises makes up about 1.4% of Generate Investment Management Ltd’s holdings, making the stock its 23rd biggest holding. Generate Investment Management Ltd’s holdings in Royal Caribbean Cruises were worth $19,500,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. D1 Capital Partners L.P. boosted its holdings in Royal Caribbean Cruises by 3.8% in the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock valued at $278,502,000 after purchasing an additional 58,159 shares during the last quarter. Swiss National Bank raised its position in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after purchasing an additional 3,800 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Royal Caribbean Cruises by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after buying an additional 13,520 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Royal Caribbean Cruises by 3.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 569,890 shares of the company’s stock worth $131,468,000 after buying an additional 18,868 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after acquiring an additional 406,048 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Up 1.3 %

Shares of Royal Caribbean Cruises stock opened at $270.35 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08. The business’s fifty day moving average price is $242.24 and its two-hundred day moving average price is $204.62. The company has a market capitalization of $72.69 billion, a P/E ratio of 25.29, a PEG ratio of 0.98 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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 quarter in the previous year, the company earned $1.25 EPS. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

Insider Activity at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 372,609 shares of company stock worth $87,647,208 over the last quarter. 7.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RCL. The Goldman Sachs Group decreased their price objective on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, January 17th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Stifel Nicolaus raised their price objective on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.59.

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.