Bleakley Financial Group LLC Sells 616 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Bleakley Financial Group LLC trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,653 shares of the company’s stock after selling 616 shares during the quarter. Bleakley Financial Group LLC’s holdings in Royal Caribbean Cruises were worth $4,995,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. International Assets Investment Management LLC increased its stake in shares of Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after buying an additional 406,048 shares during the period. Nomura Asset Management Co. Ltd. increased 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 worth $28,703,000 after purchasing an additional 93,899 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Royal Caribbean Cruises during the 3rd quarter worth about $14,544,000. Dakota Wealth Management boosted its stake in shares of Royal Caribbean Cruises by 3,935.2% in the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock valued at $13,635,000 after purchasing an additional 74,966 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its stake in shares of 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 last quarter. 87.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was 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 of the company’s stock, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 372,609 shares of company stock worth $87,647,208 in the last 90 days. Insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RCL shares. Tigress Financial boosted their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. UBS Group lifted their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a research note on Tuesday. Susquehanna boosted their price objective on shares of Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Bank of America lifted their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $280.59.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $266.95 on Thursday. The firm’s fifty day moving average price is $241.16 and its two-hundred day moving average price is $203.72. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The company has a market cap of $71.78 billion, a P/E ratio of 24.97, a P/E/G ratio of 0.98 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same quarter last year, the firm posted $1.25 EPS. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend 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.