Optimist Retirement Group LLC decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,257 shares of the company’s stock after selling 262 shares during the period. Optimist Retirement Group LLC’s holdings in Royal Caribbean Cruises were worth $290,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC grew its position in Royal Caribbean Cruises by 2.2% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,360 shares of the company’s stock worth $544,000 after acquiring an additional 50 shares during the period. Bartlett & CO. Wealth Management LLC lifted its stake in shares of Royal Caribbean Cruises by 12.3% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 457 shares of the company’s stock valued at $106,000 after purchasing an additional 50 shares during the last quarter. FSM Wealth Advisors LLC grew its holdings in shares of Royal Caribbean Cruises by 3.2% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock worth $290,000 after purchasing an additional 51 shares during the period. Brooklyn Investment Group increased its position in shares of Royal Caribbean Cruises by 2.5% during the 4th quarter. Brooklyn Investment Group now owns 2,117 shares of the company’s stock worth $488,000 after purchasing an additional 52 shares during the last quarter. Finally, Grove Bank & Trust raised its holdings in Royal Caribbean Cruises by 10.5% in the 4th quarter. Grove Bank & Trust now owns 613 shares of the company’s stock valued at $141,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.
Insider Transactions at Royal Caribbean Cruises
In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s 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 owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company’s 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 completion of the transaction, the executive vice president now owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,609 shares of company stock valued at $87,647,208. 7.95% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Royal Caribbean Cruises
Royal Caribbean Cruises Stock Up 1.3 %
Shares of NYSE:RCL opened at $266.95 on Thursday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $277.08. The firm’s 50 day moving average price is $241.16 and its 200 day moving average price is $203.72. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The stock has a market cap of $71.78 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 0.98 and a beta of 2.59.
Royal Caribbean Cruises (NYSE:RCL – Get Free Report) last announced 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 period last year, the business posted $1.25 EPS. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current fiscal year.
Royal Caribbean Cruises Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 20.58%.
Royal Caribbean Cruises 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.
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