Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,281 shares of the company’s stock after selling 552 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Royal Caribbean Cruises were worth $988,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RCL. International Assets Investment Management LLC grew its position 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. Nomura Asset Management Co. Ltd. grew its position in Royal Caribbean Cruises by 138.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after acquiring an additional 93,899 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Royal Caribbean Cruises in the third quarter valued at approximately $14,544,000. Dakota Wealth Management grew its position in Royal Caribbean Cruises by 3,935.2% in the third quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock valued at $13,635,000 after acquiring an additional 74,966 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its position in Royal Caribbean Cruises by 372.6% in the third quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock valued at $15,299,000 after acquiring an additional 68,008 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $274.94 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $275.05. The company has a market cap of $73.93 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 0.55 and a beta of 2.59. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.16 and a current ratio of 0.17. The firm has a fifty day moving average of $239.12 and a 200-day moving average of $200.69.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the business earned $1.25 earnings per share. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 15 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.58%.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the business’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 sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the sale, the director now owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their ownership of the stock. 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 over the last ninety days. 7.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Argus increased their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup increased their target price on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research note on Wednesday. Tigress Financial increased their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Sanford C. Bernstein assumed coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price for the company. Finally, The Goldman Sachs Group reduced their target price on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $274.19.

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.