California Public Employees Retirement System Sells 4,656 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

California Public Employees Retirement System lessened its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 441,024 shares of the company’s stock after selling 4,656 shares during the quarter. California Public Employees Retirement System’s holdings in Royal Caribbean Cruises were worth $57,108,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BKM Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $33,000. West Branch Capital LLC grew its stake in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares in the last quarter. Blue Trust Inc. grew its stake in Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock valued at $41,000 after buying an additional 246 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its stake in Royal Caribbean Cruises by 65.0% in the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the subject of a number of recent research reports. Mizuho initiated coverage on shares of Royal Caribbean Cruises in a research note on Wednesday, April 17th. They issued a “buy” rating and a $164.00 price objective for the company. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $151.00 to $153.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $148.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.94.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $137.47 on Friday. Royal Caribbean Cruises Ltd. has a 52 week low of $59.37 and a 52 week high of $141.70. The stock has a market capitalization of $35.29 billion, a P/E ratio of 22.10, a PEG ratio of 0.50 and a beta of 2.52. The firm has a fifty day simple moving average of $129.71 and a two-hundred day simple moving average of $117.11. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 4.03.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Royal Caribbean Cruises had a net margin of 12.22% and a return on equity of 45.55%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.36 billion. During the same period last year, the company posted ($1.12) EPS. The business’s revenue was up 28.0% on a year-over-year basis. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 10.06 earnings per share for the current fiscal year.

Insider Transactions at Royal Caribbean Cruises

In other news, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total value of $1,363,465.53. Following the completion of the sale, the chief executive officer now owns 166,537 shares in the company, valued at approximately $19,319,957.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.70% of the company’s stock.

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.