1,229 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Purchased by Alta Advisers Ltd

Alta Advisers Ltd bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,229 shares of the company's stock, valued at approximately $252,000.

Several other hedge funds also recently made changes to their positions in RCL. Brown Brothers Harriman & Co. raised its position in shares of Royal Caribbean Cruises by 618.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after acquiring an additional 99 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in Royal Caribbean Cruises in the fourth quarter worth $35,000. Truvestments Capital LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter valued at $36,000. Capital A Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $40,000. Finally, Spurstone Advisory Services LLC bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at $46,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 3.5%

Shares of Royal Caribbean Cruises stock traded up $11.07 on Wednesday, reaching $326.17. 2,938,438 shares of the company were exchanged, compared to its average volume of 2,349,991. The stock's 50 day moving average price is $253.82 and its 200-day moving average price is $237.01. 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 Ltd. has a 1-year low of $130.08 and a 1-year high of $327.45. The company has a market cap of $88.57 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 0.93 and a beta of 2.17.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS 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 firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the business earned $1.77 EPS. Royal Caribbean Cruises's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities 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 declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.92%. Royal Caribbean Cruises's dividend payout ratio is presently 24.92%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $253.10, for a total value 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RCL. Morgan Stanley raised their target price on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Barclays increased their price objective on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. BNP Paribas assumed coverage on shares of Royal Caribbean Cruises in a research note on Thursday, March 27th. They issued an "outperform" rating and a $262.00 price objective on the stock. Susquehanna reduced their price target on Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group started coverage on Royal Caribbean Cruises in a research note on Monday, March 31st. They issued a "hold" rating and a $230.00 price target for the company. 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's stock. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and an average price target of $280.40.

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.