Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Virtu Financial LLC

Virtu Financial LLC decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 36.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,990 shares of the company’s stock after selling 2,279 shares during the period. Virtu Financial LLC’s holdings in Royal Caribbean Cruises were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RCL. Virtue Capital Management LLC purchased a new position in shares of Royal Caribbean Cruises during the third quarter worth approximately $210,000. Coldstream Capital Management Inc. grew its position in Royal Caribbean Cruises by 9.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,796 shares of the company’s stock worth $1,053,000 after purchasing an additional 505 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in Royal Caribbean Cruises by 2.3% in the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock valued at $104,918,000 after purchasing an additional 13,520 shares during the period. M&T Bank Corp raised its holdings in shares of Royal Caribbean Cruises by 5.5% in the third quarter. M&T Bank Corp now owns 12,703 shares of the company’s stock valued at $2,254,000 after buying an additional 664 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in shares of Royal Caribbean Cruises by 10.3% during the third quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $125,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now directly owns 9,964 shares in the company, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the sale, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 404,332 shares of company stock worth $94,299,521. Insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Tigress Financial boosted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Citigroup upped their price target on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Three investment 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, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.75.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $245.17 on Friday. The firm has a market capitalization of $65.92 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The business’s 50 day simple moving average is $222.37 and its 200-day simple moving average is $182.13. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the business earned $3.85 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.20 annualized dividend and a yield of 0.90%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 22.61%.

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.