Flagship Harbor Advisors LLC Sells 80 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Flagship Harbor Advisors LLC lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,068 shares of the company’s stock after selling 80 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Royal Caribbean Cruises were worth $219,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Royal Caribbean Cruises by 2.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company’s stock valued at $470,000 after buying an additional 39 shares during the period. Ostrum Asset Management raised its stake in Royal Caribbean Cruises by 0.3% during the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company’s stock worth $2,678,000 after buying an additional 40 shares during the period. Farther Finance Advisors LLC lifted its holdings in Royal Caribbean Cruises by 1.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company’s stock worth $630,000 after acquiring an additional 42 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Royal Caribbean Cruises by 3.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company’s stock valued at $313,000 after acquiring an additional 47 shares during the period. Finally, UMB Bank n.a. grew its stake in Royal Caribbean Cruises by 2.5% in the first quarter. UMB Bank n.a. now owns 2,131 shares of the company’s stock valued at $438,000 after acquiring an additional 52 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director now directly owns 165,421 shares in the company, valued at $41,868,055.10. The trade was a 10.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BNP Paribas began coverage on Royal Caribbean Cruises in a research report on Thursday, March 27th. They set an “outperform” rating and a $262.00 price target on the stock. Melius Research upgraded shares of Royal Caribbean Cruises to a “strong-buy” rating in a report on Monday, April 21st. Loop Capital reaffirmed a “buy” rating and issued a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $275.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group dropped their price objective on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $276.90.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $295.81 on Friday. The stock has a 50 day moving average price of $246.69 and a 200 day moving average price of $235.66. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $296.14. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. The stock has a market capitalization of $80.33 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 0.85 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.18. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.77 EPS. Analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.01%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 24.92%.

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.