International Assets Investment Management LLC Has $549,000 Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

International Assets Investment Management LLC reduced its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 99.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,398 shares of the company’s stock after selling 407,481 shares during the period. International Assets Investment Management LLC’s holdings in Royal Caribbean Cruises were worth $549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RCL. Dimensional Fund Advisors LP boosted its position in shares of Royal Caribbean Cruises by 24.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after purchasing an additional 400,565 shares during the last quarter. D1 Capital Partners L.P. boosted its holdings in Royal Caribbean Cruises by 3.8% during the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock worth $278,502,000 after buying an additional 58,159 shares during the last quarter. Swiss National Bank boosted its holdings in Royal Caribbean Cruises by 0.5% during the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after buying an additional 3,800 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of Royal Caribbean Cruises by 2.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock valued at $104,918,000 after acquiring an additional 13,520 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Royal Caribbean Cruises by 4.0% in the 2nd quarter. APG Asset Management N.V. now owns 461,762 shares of the company’s stock valued at $68,690,000 after acquiring an additional 17,601 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $226.81 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The company’s fifty day simple moving average is $235.82 and its 200 day simple moving average is $193.13. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $258.70. The company has a market cap of $60.98 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 0.65 and a beta of 2.59.

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 the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the business earned $3.85 EPS. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be paid a $0.55 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.20 annualized dividend and a yield of 0.97%. Royal Caribbean Cruises’s dividend payout ratio is 22.61%.

Insider Activity

In related news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction dated Tuesday, November 19th. The shares were 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 of the company’s stock, valued at approximately $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the completion of the transaction, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock valued at $94,299,521 over the last three months. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RCL. Morgan Stanley boosted their price target on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday. Bank of America raised their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Barclays upped their target price on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $243.25.

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.