1,831 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Purchased by Cozad Asset Management Inc.

Key Points

• Cozad Asset Management Inc. acquired a new position in Royal Caribbean Cruises Ltd. during the first quarter, buying 1,831 shares valued at approximately $376,000.
• Royal Caribbean reported $4.38 earnings per share for its latest quarter, exceeding expectations, with a 10.4% year-over-year increase in revenue.
• The company announced a quarterly dividend of $0.75 per share, reflecting an annual yield of 0.91% and a payout ratio of 24.92%.

Cozad Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,831 shares of the company's stock, valued at approximately $376,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its position in shares of Royal Caribbean Cruises by 6,894.5% in the first quarter. Meeder Asset Management Inc. now owns 10,212 shares of the company's stock valued at $2,098,000 after purchasing an additional 10,066 shares during the period. Meeder Advisory Services Inc. raised its position in shares of Royal Caribbean Cruises by 25.8% in the first quarter. Meeder Advisory Services Inc. now owns 2,730 shares of the company's stock valued at $561,000 after purchasing an additional 560 shares during the period. Ramirez Asset Management Inc. bought a new position in shares of Royal Caribbean Cruises in the first quarter valued at approximately $160,000. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Royal Caribbean Cruises by 3.7% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,468 shares of the company's stock valued at $507,000 after purchasing an additional 89 shares during the period. Finally, Pin Oak Investment Advisors Inc. raised its position in shares of Royal Caribbean Cruises by 3,706.0% in the first quarter. Pin Oak Investment Advisors Inc. now owns 3,806 shares of the company's stock valued at $790,000 after purchasing an additional 3,706 shares during the period. Institutional investors own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RCL shares. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Northcoast Research started coverage on shares of Royal Caribbean Cruises in a research report on Friday, April 25th. They issued a "buy" rating and a $279.00 price target on the stock. Jefferies Financial Group lifted their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research report on Monday, July 7th. Morgan Stanley boosted their target price on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, William Blair reaffirmed an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday, July 23rd. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $321.10.

Royal Caribbean Cruises Stock Performance

RCL traded down $3.75 during trading on Friday, reaching $314.12. 2,827,375 shares of the company's stock were exchanged, compared to its average volume of 2,165,557. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $355.91. The company has a quick ratio of 0.15, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The business has a 50 day moving average price of $302.63 and a 200 day moving average price of $253.80. The company has a market capitalization of $85.32 billion, a P/E ratio of 23.55, a PEG ratio of 0.89 and a beta of 2.22.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, beating the consensus estimate of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the previous year, the company earned $3.21 EPS. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

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

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company'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 owned 165,421 shares in the company, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the transaction, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by insiders.

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.