Tredje AP fonden Has $6.05 Million Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Tredje AP fonden lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,932 shares of the company’s stock after selling 598 shares during the quarter. Tredje AP fonden’s holdings in Royal Caribbean Cruises were worth $6,047,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in Royal Caribbean Cruises by 37.4% during the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after purchasing an additional 27,819 shares during the period. Keystone Financial Group acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at approximately $209,000. Franklin Resources Inc. boosted its stake in Royal Caribbean Cruises by 12.0% in the fourth quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock valued at $21,577,000 after acquiring an additional 17,815 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Royal Caribbean Cruises by 17.2% during the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after acquiring an additional 5,655 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $765,000. Institutional investors own 87.53% of the company’s stock.

Insiders Place Their Bets

In related news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The disclosure for this sale can be found here. Insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RCL shares. Macquarie upped their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Morgan Stanley increased their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 7th. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Truist Financial increased their target price on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Tigress Financial boosted their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $182.31.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $168.55 on Thursday. The stock has a market capitalization of $43.38 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 0.47 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $173.40. The firm has a fifty day simple moving average of $160.14 and a 200 day simple moving average of $148.72. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 EPS. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is 20.62%.

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.