Curat Global LLC Buys Shares of 1,335 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Curat Global LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,335 shares of the company's stock, valued at approximately $274,000.

Other hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. lifted its holdings in shares of Royal Caribbean Cruises by 618.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at $35,000. Truvestments Capital LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at $36,000. Capital A Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at $40,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 100.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 200 shares of the company's stock valued at $46,000 after purchasing an additional 100 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 1.9%

RCL stock traded up $5.14 during mid-day trading on Friday, hitting $276.54. The stock had a trading volume of 1,945,050 shares, compared to its average volume of 2,276,006. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $75.10 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 0.90 and a beta of 2.14. The company has a fifty day moving average of $222.98 and a 200 day moving average of $232.76. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $277.14.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 EPS. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.08%. Royal Caribbean Cruises's dividend payout ratio is 24.92%.

Royal Caribbean Cruises declared that its Board of Directors has approved a share buyback plan on Wednesday, February 12th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 1.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

RCL has been the subject of several research analyst reports. Northcoast Research initiated coverage on Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a "buy" rating and a $279.00 price objective for the company. Tigress Financial increased their price objective on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Macquarie reduced their price objective on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Stifel Nicolaus increased their price objective on Royal Caribbean Cruises from $275.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Morgan Stanley increased their price objective on Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and an average price target of $276.90.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director now owns 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.95% of the stock is currently owned by insiders.

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.