Cetera Investment Advisers Acquires 11,629 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Cetera Investment Advisers increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 18.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,566 shares of the company's stock after purchasing an additional 11,629 shares during the period. Cetera Investment Advisers' holdings in Royal Caribbean Cruises were worth $15,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC raised 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 buying an additional 1,404,622 shares during the last quarter. Janus Henderson Group PLC grew its stake in 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 acquiring an additional 936,609 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Royal Caribbean Cruises by 21.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after acquiring an additional 535,043 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Royal Caribbean Cruises by 24.0% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock worth $612,080,000 after purchasing an additional 513,702 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after purchasing an additional 353,893 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises 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 completion of the sale, the director directly owned 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Trading Down 1.5%

Shares of RCL traded down $4.65 during trading hours on Friday, reaching $313.22. 1,486,497 shares of the company traded hands, compared to its average volume of 2,573,981. The stock's fifty day moving average price is $301.16 and its 200 day moving average price is $253.21. The company has a current ratio of 0.23, a quick ratio of 0.15 and a debt-to-equity ratio of 1.88. The firm has a market cap of $85.06 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 0.93 and a beta of 2.17. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $3.21 EPS. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.0%. Royal Caribbean Cruises's dividend payout ratio (DPR) is currently 22.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RCL. The Goldman Sachs Group reduced their target price on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Loop Capital restated a "buy" rating and set a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Barclays upped their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Citigroup raised their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Truist Financial set a $337.00 price target on shares of Royal Caribbean Cruises in a research report on Wednesday. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $321.10.

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.