Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 18.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,258 shares of the company's stock after purchasing an additional 5,523 shares during the period. Cerity Partners LLC's holdings in Royal Caribbean Cruises were worth $7,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of RCL. Ostrum Asset Management lifted its holdings in shares of Royal Caribbean Cruises by 0.3% during the fourth quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock worth $2,678,000 after purchasing an additional 40 shares during the period. UMB Bank n.a. raised its position in Royal Caribbean Cruises by 2.5% during the 1st quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock worth $438,000 after buying an additional 52 shares during the last quarter. Legacy Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 5.4% in the 1st quarter. Legacy Advisors LLC now owns 1,027 shares of the company's stock valued at $212,000 after acquiring an additional 53 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 1.1% in the first quarter. OneDigital Investment Advisors LLC now owns 5,015 shares of the company's stock worth $1,030,000 after acquiring an additional 53 shares during the period. Finally, Ausdal Financial Partners Inc. raised its holdings in shares of Royal Caribbean Cruises by 3.1% during the fourth quarter. Ausdal Financial Partners Inc. now owns 1,900 shares of the company's stock worth $438,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Loop Capital reiterated 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. Northcoast Research began coverage on Royal Caribbean Cruises in a research report on Friday, April 25th. They issued a "buy" rating and a $279.00 price objective on the stock. Jefferies Financial Group lifted their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a report on Monday, July 7th. Finally, Susquehanna lowered their price target on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $297.50.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the business's 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 directly owned 165,421 shares in the company, 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 legal filing with the SEC, which can be accessed through the SEC website. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Price Performance

NYSE:RCL traded down $2.09 during trading hours on Wednesday, hitting $339.20. 2,206,148 shares of the stock were exchanged, compared to its average volume of 2,357,681. The firm's fifty day moving average price is $277.13 and its 200 day moving average price is $243.80. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $347.06. The company has a market cap of $92.11 billion, a P/E ratio of 28.17, a P/E/G ratio of 1.01 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 issued 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 return on equity of 47.89% and a net margin of 19.38%. The firm had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.02 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.88%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 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.