Piscataqua Savings Bank Sells 77 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Piscataqua Savings Bank trimmed its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,485 shares of the company’s stock after selling 77 shares during the quarter. Royal Caribbean Cruises makes up about 1.3% of Piscataqua Savings Bank’s holdings, making the stock its 21st largest position. Piscataqua Savings Bank’s holdings in Royal Caribbean Cruises were worth $1,496,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RCL. Pacer Advisors Inc. raised its holdings in shares of Royal Caribbean Cruises by 17.4% in the 4th quarter. Pacer Advisors Inc. now owns 20,729 shares of the company’s stock worth $4,782,000 after acquiring an additional 3,074 shares during the last quarter. KBC Group NV increased its holdings in Royal Caribbean Cruises by 103.7% during the 4th quarter. KBC Group NV now owns 96,607 shares of the company’s stock worth $22,287,000 after purchasing an additional 49,176 shares in the last quarter. Capital Asset Advisory Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth approximately $208,000. Blue Trust Inc. lifted its holdings in shares of Royal Caribbean Cruises by 74.7% in the fourth quarter. Blue Trust Inc. now owns 2,429 shares of the company’s stock valued at $560,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Strategic Investment Advisors MI boosted its position in shares of Royal Caribbean Cruises by 44.8% during the fourth quarter. Strategic Investment Advisors MI now owns 3,288 shares of the company’s stock valued at $759,000 after buying an additional 1,017 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 8th. Tigress Financial increased their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group cut their price target on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a report on Friday. Mizuho reiterated an “outperform” rating and issued a $253.00 price objective (down previously from $255.00) on shares of Royal Caribbean Cruises in a research note on Thursday. Finally, Bank of America boosted their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.31.

Insiders Place Their Bets

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock worth $94,299,521 over the last 90 days. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Down 2.3 %

RCL stock opened at $232.59 on Monday. The stock has a fifty day moving average of $237.76 and a 200-day moving average of $199.00. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $258.70. The company has a market capitalization of $62.54 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 0.50 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business earned $3.85 earnings per share. The company’s quarterly revenue was up 17.5% on a year-over-year basis. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.95%. Royal Caribbean Cruises’s payout ratio is 22.61%.

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.