Avantax Planning Partners Inc. Invests $200,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Avantax Planning Partners Inc. acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 974 shares of the company's stock, valued at approximately $200,000.

A number of other large investors also recently made changes to their positions in RCL. Norges Bank bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $707,833,000. Vanguard Group Inc. lifted its position in shares of Royal Caribbean Cruises by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after purchasing an additional 2,068,114 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Royal Caribbean Cruises by 22,154.9% during the first quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock valued at $289,868,000 after purchasing an additional 1,404,622 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Royal Caribbean Cruises by 3,544.4% during the fourth quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock valued at $222,166,000 after purchasing an additional 936,609 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Royal Caribbean Cruises by 24.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock valued at $612,080,000 after purchasing an additional 513,702 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on RCL. The Goldman Sachs Group dropped their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Northcoast Research began coverage on shares of Royal Caribbean Cruises in a research report on Friday, April 25th. They set a "buy" rating and a $279.00 price target on the stock. Loop Capital reissued a "buy" rating and set a $290.00 price target (up from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Four equities 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $280.40.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction 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 sale, the director owned 165,421 shares in the company, valued at $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded up $8.00 during trading on Friday, hitting $334.10. 1,440,459 shares of the company were exchanged, compared to its average volume of 2,358,346. The company has a market cap of $90.73 billion, a PE ratio of 27.75, a P/E/G ratio of 0.99 and a beta of 2.17. The stock has a 50 day moving average of $261.08 and a 200 day moving average of $238.95. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $334.48. 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 earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.18. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.77 earnings per share. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders 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 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.