Revisor Wealth Management LLC Invests $1.53 Million in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Revisor Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,425 shares of the company's stock, valued at approximately $1,525,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its position in 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 in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $35,000. Truvestments Capital LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter valued at $36,000. Capital A Wealth Management LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter valued at $40,000. Finally, Spurstone Advisory Services LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock traded up $8.00 during mid-day trading on Friday, reaching $334.10. The company had a trading volume of 1,440,459 shares, compared to its average volume of 2,353,855. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. The firm has a market cap of $90.73 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 0.97 and a beta of 2.17. The company has a 50 day moving average of $258.64 and a 200-day moving average of $238.25. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $334.48.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The firm had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.02 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.90%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 24.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley lifted their price target on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Susquehanna reduced their target price on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. BNP Paribas began coverage on shares of Royal Caribbean Cruises in a research report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 target price for the company. Macquarie cut their price target on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, UBS Group set a $311.00 price objective on shares of Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $280.40.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director owned 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.95% of the stock is currently owned by insiders.

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.