Choreo LLC Has $2.04 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Choreo LLC lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,778 shares of the company’s stock after buying an additional 324 shares during the quarter. Choreo LLC’s holdings in Royal Caribbean Cruises were worth $2,041,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. D1 Capital Partners L.P. increased its stake in Royal Caribbean Cruises by 3.8% in the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock valued at $278,502,000 after purchasing an additional 58,159 shares in the last quarter. Swiss National Bank increased its stake in Royal Caribbean Cruises by 0.5% in the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after purchasing an additional 3,800 shares in 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 in the last quarter. International Assets Investment Management LLC increased its stake in Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in Royal Caribbean Cruises by 0.9% in the third quarter. Pinnacle Associates Ltd. now owns 353,175 shares of the company’s stock valued at $62,639,000 after purchasing an additional 3,235 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the subject of several recent analyst reports. Macquarie upped their target price on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. The Goldman Sachs Group lowered their price objective on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Tigress Financial increased their price objective on shares of Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley increased their price objective on shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Finally, Bank of America increased their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $284.12.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the transaction, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,609 shares of company stock worth $87,647,208 over the last quarter. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $264.39 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $277.08. The firm has a fifty day simple moving average of $242.24 and a 200 day simple moving average of $204.62. The stock has a market capitalization of $71.09 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 0.98 and a beta of 2.59. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same quarter in the previous year, the business earned $1.25 earnings per share. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.58%.

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.