Johnson Investment Counsel Inc. Cuts Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Johnson Investment Counsel Inc. trimmed its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,299 shares of the company’s stock after selling 75 shares during the period. Johnson Investment Counsel Inc.’s holdings in Royal Caribbean Cruises were worth $367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Achmea Investment Management B.V. raised its position in shares of Royal Caribbean Cruises by 25.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 2,642 shares of the company’s stock valued at $421,000 after buying an additional 544 shares in the last quarter. Trifecta Capital Advisors LLC lifted its stake in Royal Caribbean Cruises by 4,615.4% during the second quarter. Trifecta Capital Advisors LLC now owns 613 shares of the company’s stock worth $98,000 after purchasing an additional 600 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 93.6% in the 2nd quarter. Sentry Investment Management LLC now owns 1,154 shares of the company’s stock worth $184,000 after purchasing an additional 558 shares in the last quarter. Gryphon Financial Partners LLC bought a new position in shares of Royal Caribbean Cruises during the 2nd quarter valued at about $230,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 9.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 26,303 shares of the company’s stock valued at $4,193,000 after buying an additional 2,356 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Citigroup increased their price target on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their target price on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $182.13.

Royal Caribbean Cruises Stock Up 1.4 %

RCL opened at $167.96 on Friday. The stock has a market capitalization of $43.22 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 0.46 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $173.37. The business’s 50-day simple moving average is $159.74 and its 200-day simple moving average is $147.76. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced 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 is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

Insider Activity at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the 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 sale, the insider now 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 hyperlink. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now directly owns 25,837 shares in the company, valued at $4,095,164.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the firm’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 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. 7.95% of the stock is owned by insiders.

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.