Achmea Investment Management B.V. Grows Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Achmea Investment Management B.V. grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 38.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,556 shares of the company's stock after buying an additional 13,175 shares during the quarter. Achmea Investment Management B.V.'s holdings in Royal Caribbean Cruises were worth $9,770,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brown Brothers Harriman & Co. increased its position in shares of Royal Caribbean Cruises by 618.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after buying an additional 99 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $35,000. Truvestments Capital LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $36,000. Capital A Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $40,000. Finally, Spurstone Advisory Services LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RCL shares. Loop Capital restated a "buy" rating and issued a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. BNP Paribas assumed coverage on Royal Caribbean Cruises in a research note on Thursday, March 27th. They set an "outperform" rating and a $262.00 price objective on the stock. Melius Research raised Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Wall Street Zen lowered Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. Four 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. According to data from MarketBeat.com, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus price target of $276.90.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the transaction, the director now directly owns 165,421 shares of the company's stock, valued at $41,868,055.10. The trade was a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Up 5.0%

Shares of NYSE:RCL opened at $310.69 on Friday. The stock's 50-day moving average price is $249.05 and its two-hundred day moving average price is $236.11. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 2.21. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $310.88. The firm has a market cap of $84.37 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 0.88 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company earned $1.77 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.97%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.