Mackenzie Financial Corp Sells 29,883 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mackenzie Financial Corp decreased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 145,546 shares of the company’s stock after selling 29,883 shares during the period. Mackenzie Financial Corp owned 0.06% of Royal Caribbean Cruises worth $23,204,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its holdings in Royal Caribbean Cruises by 50.3% during the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Royal Caribbean Cruises by 1.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,095 shares of the company’s stock valued at $1,291,000 after purchasing an additional 81 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Royal Caribbean Cruises by 38.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 293 shares of the company’s stock worth $47,000 after purchasing an additional 82 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 3.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,213 shares of the company’s stock worth $353,000 after buying an additional 84 shares during the last quarter. Finally, Kowal Investment Group LLC boosted its holdings in shares of Royal Caribbean Cruises by 4.0% in the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock worth $318,000 after buying an additional 87 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RCL. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Barclays lifted their price target on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. UBS Group raised their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Citigroup upped their price target on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $184.13.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, 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 2.9 %

Shares of RCL opened at $177.54 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $184.41. The stock has a market cap of $45.69 billion, a PE ratio of 22.88, a P/E/G ratio of 0.51 and a beta of 2.61. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The business’s 50-day moving average price is $161.59 and its 200-day moving average price is $151.18.

Royal Caribbean Cruises (NYSE:RCL) last posted its 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 business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the firm posted $1.82 EPS. Royal Caribbean Cruises’s revenue was up 16.4% on a year-over-year basis. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

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.