Kentucky Retirement Systems Sells 75 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kentucky Retirement Systems reduced its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,841 shares of the company’s stock after selling 75 shares during the period. Kentucky Retirement Systems’ holdings in Royal Caribbean Cruises were worth $2,844,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in Royal Caribbean Cruises by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 46,653 shares of the company’s stock worth $6,041,000 after purchasing an additional 527 shares during the period. Franklin Resources Inc. lifted its stake in shares of Royal Caribbean Cruises by 12.0% in the 4th 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. Ontario Teachers Pension Plan Board boosted its holdings in Royal Caribbean Cruises by 11.5% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 8,323 shares of the company’s stock valued at $1,078,000 after acquiring an additional 860 shares during the period. US Bancorp DE grew its position in Royal Caribbean Cruises by 11.7% during the 4th quarter. US Bancorp DE now owns 14,929 shares of the company’s stock worth $1,933,000 after acquiring an additional 1,562 shares during the last quarter. Finally, Team Hewins LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $467,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $173.99 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $174.48. The firm has a market capitalization of $44.78 billion, a P/E ratio of 22.42, a P/E/G ratio of 0.49 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The business has a fifty day simple moving average of $160.46 and a two-hundred day simple moving average of $149.22.

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

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CFO Naftali Holtz bought 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, 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. 7.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RCL. Tigress Financial raised their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Argus boosted their price objective on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. UBS Group boosted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $182.31.

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.