Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 257.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,691 shares of the company's stock after buying an additional 22,101 shares during the period. Crossmark Global Holdings Inc.'s holdings in Royal Caribbean Cruises were worth $6,305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. U.S. Capital Wealth Advisors LLC lifted its position in Royal Caribbean Cruises by 1.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 19,604 shares of the company's stock valued at $4,027,000 after purchasing an additional 362 shares during the period. Raleigh Capital Management Inc. lifted its position in Royal Caribbean Cruises by 80.1% during the first quarter. Raleigh Capital Management Inc. now owns 1,934 shares of the company's stock valued at $397,000 after purchasing an additional 860 shares during the period. Callan Capital LLC lifted its position in Royal Caribbean Cruises by 5.9% during the first quarter. Callan Capital LLC now owns 2,419 shares of the company's stock valued at $497,000 after purchasing an additional 134 shares during the period. TD Private Client Wealth LLC lifted its position in Royal Caribbean Cruises by 14.4% during the first quarter. TD Private Client Wealth LLC now owns 733 shares of the company's stock valued at $151,000 after purchasing an additional 92 shares during the period. Finally, Capital Advisors Inc. OK lifted its position in Royal Caribbean Cruises by 21.3% during the first quarter. Capital Advisors Inc. OK now owns 1,140 shares of the company's stock valued at $234,000 after purchasing an additional 200 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction on 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.95% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RCL shares. Truist Financial boosted their target price on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Loop Capital reissued a "buy" rating and set a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Barclays upped their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday. Sanford C. Bernstein upped their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, BNP Paribas assumed coverage on shares of Royal Caribbean Cruises in a report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average price target of $293.90.

Royal Caribbean Cruises Stock Up 0.7%

Shares of NYSE:RCL traded up $2.42 during trading hours on Wednesday, reaching $332.62. The stock had a trading volume of 1,932,994 shares, compared to its average volume of 2,362,965. Royal Caribbean Cruises Ltd. has a 1 year low of $130.08 and a 1 year high of $336.63. The firm's 50 day moving average is $265.60 and its 200-day moving average is $240.27. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. The stock has a market capitalization of $90.33 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 0.98 and a beta of 2.17.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 19.38% and a return on equity of 47.89%. The company's revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.77 EPS. Research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors 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 0.90%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 24.92%.

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.