New Century Financial Group LLC Reduces Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

New Century Financial Group LLC cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,256 shares of the company’s stock after selling 234 shares during the period. New Century Financial Group LLC’s holdings in Royal Caribbean Cruises were worth $360,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its position in shares of Royal Caribbean Cruises by 10.3% during the 4th quarter. TD Asset Management Inc now owns 87,730 shares of the company’s stock worth $11,360,000 after purchasing an additional 8,183 shares during the last quarter. Stifel Financial Corp increased its position in Royal Caribbean Cruises by 15.1% during the fourth quarter. Stifel Financial Corp now owns 76,846 shares of the company’s stock worth $9,951,000 after buying an additional 10,063 shares in the last quarter. California State Teachers Retirement System increased its position in Royal Caribbean Cruises by 6.7% during the fourth quarter. California State Teachers Retirement System now owns 372,970 shares of the company’s stock worth $48,296,000 after buying an additional 23,447 shares in the last quarter. KBC Group NV raised its holdings in shares of Royal Caribbean Cruises by 32.4% in the fourth quarter. KBC Group NV now owns 129,817 shares of the company’s stock worth $16,810,000 after acquiring an additional 31,784 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Royal Caribbean Cruises by 0.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 164,160 shares of the company’s stock valued at $21,257,000 after acquiring an additional 878 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RCL shares. Bank of America lifted their price objective on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Mizuho upped their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Macquarie lifted their target price on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Truist Financial increased their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Tigress Financial raised their price objective on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.13.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following 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 filing with the SEC, which is available at the SEC website. In related news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 29th. The shares were 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 approximately $4,620,629.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Naftali Holtz acquired 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. The disclosure for this purchase can be found here. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Down 2.4 %

Shares of RCL stock opened at $173.11 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $184.41. The firm’s 50 day moving average price is $161.82 and its two-hundred day moving average price is $151.97. The stock has a market cap of $44.55 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 0.51 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the prior year, the company earned $1.82 EPS. The firm’s revenue was up 16.4% on a year-over-year basis. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared 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. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

About Royal Caribbean Cruises

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.