AE Wealth Management LLC Has $1.55 Million Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

AE Wealth Management LLC raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 23.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 7,564 shares of the company's stock after purchasing an additional 1,444 shares during the quarter. AE Wealth Management LLC's holdings in Royal Caribbean Cruises were worth $1,554,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wedbush Securities Inc. increased its position in Royal Caribbean Cruises by 7.3% during the 1st quarter. Wedbush Securities Inc. now owns 5,210 shares of the company's stock valued at $1,070,000 after purchasing an additional 353 shares during the period. Accredited Investors Inc. grew its position in shares of Royal Caribbean Cruises by 2.1% during the 1st quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock worth $458,000 after buying an additional 46 shares during the period. Proficio Capital Partners LLC grew its position in shares of Royal Caribbean Cruises by 3.4% during the 1st quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock worth $278,000 after buying an additional 45 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of Royal Caribbean Cruises by 5.1% during the 1st quarter. KLP Kapitalforvaltning AS now owns 86,483 shares of the company's stock worth $17,832,000 after buying an additional 4,200 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Royal Caribbean Cruises by 19.5% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 149,935 shares of the company's stock worth $30,803,000 after buying an additional 24,423 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $352.53 on Friday. The stock's fifty day simple moving average is $294.04 and its two-hundred day simple moving average is $250.43. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $355.91. The stock has a market cap of $95.73 billion, a PE ratio of 29.28, a price-to-earnings-growth ratio of 0.99 and a beta of 2.17. 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 (NYSE:RCL - Get Free Report) last announced 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 return on equity of 47.89% and a net margin of 19.38%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the firm posted $1.77 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts forecast 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 paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.85%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction that occurred on 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 directly owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.95% of the company's stock.

Analyst Ratings Changes

RCL has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Stifel Nicolaus raised their price objective on shares of Royal Caribbean Cruises from $310.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Sanford C. Bernstein raised their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Barclays raised their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of "Moderate Buy" and an average price target of $311.05.

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.

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