Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 0.6% in the second quarter, Holdings Channel.com reports. The fund owned 142,019 shares of the company’s stock after selling 790 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Royal Caribbean Cruises were worth $22,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. D1 Capital Partners L.P. boosted its holdings in Royal Caribbean Cruises by 105.7% in the second quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after purchasing an additional 777,103 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Royal Caribbean Cruises during the first quarter valued at approximately $66,279,000. Dimensional Fund Advisors LP raised its stake in Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after buying an additional 400,565 shares in the last quarter. Junto Capital Management LP acquired a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $47,950,000. Finally, Vanguard Group Inc. raised its stake in Royal Caribbean Cruises by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock valued at $3,273,144,000 after buying an additional 359,770 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity

In other news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction on Thursday, August 29th. The stock was 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 in the company, valued at $4,620,629.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction 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 sale, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction 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 sale, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $173.11 on Wednesday. The stock has a fifty day moving average price of $161.82 and a two-hundred day moving average price of $151.97. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The firm has a market cap of $44.55 billion, a P/E ratio of 22.31, a PEG ratio of 0.51 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $184.41.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.45. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The company’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $1.82 EPS. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 EPS 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. Stockholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is presently 20.62%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Susquehanna upped their price objective on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Citigroup increased their price target on Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. The Goldman Sachs Group increased their price target 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. Finally, Barclays increased their price target on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.13.

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.