963 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by Rossby Financial LCC

Rossby Financial LCC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 963 shares of the company's stock, valued at approximately $204,000.

Several other institutional investors also recently modified their holdings of RCL. Brown Brothers Harriman & Co. increased 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 worth $27,000 after buying an additional 99 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in Royal Caribbean Cruises in the 4th quarter valued at about $35,000. Truvestments Capital LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $36,000. Capital A Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $46,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard D. Fain sold 19,600 shares of the 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 transaction, the director owned 165,421 shares of the company's stock, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.95% of the company's stock.

Analyst Ratings Changes

RCL has been the subject of several research reports. Northcoast Research started coverage on Royal Caribbean Cruises in a report on Friday, April 25th. They set a "buy" rating and a $279.00 price target for the company. UBS Group set a $311.00 target price on Royal Caribbean Cruises and gave the stock a "buy" rating in a report on Tuesday, May 20th. Macquarie reduced their target price on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Loop Capital reaffirmed a "buy" rating and issued a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $280.40.

Royal Caribbean Cruises Trading Up 2.5%

Shares of Royal Caribbean Cruises stock traded up $8.00 during trading on Friday, hitting $334.10. The company's stock had a trading volume of 1,440,459 shares, compared to its average volume of 2,353,855. The stock has a market cap of $90.73 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 0.99 and a beta of 2.17. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $334.48. The stock has a 50-day moving average price of $261.08 and a two-hundred day moving average price of $238.89. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15.

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

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.90%. Royal Caribbean Cruises's payout ratio is 24.92%.

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.