Dale Q Rice Investment Management Ltd Purchases New Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Dale Q Rice Investment Management Ltd purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,250 shares of the company's stock, valued at approximately $257,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at approximately $707,833,000. Vanguard Group Inc. raised its position in Royal Caribbean Cruises by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock worth $6,476,003,000 after acquiring an additional 2,068,114 shares during the period. GAMMA Investing LLC raised its position in 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 worth $289,868,000 after acquiring an additional 1,404,622 shares during the period. Janus Henderson Group PLC lifted its holdings 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 purchasing an additional 936,609 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Royal Caribbean Cruises by 24.0% in 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 during the period. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the firm's 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 transaction, the director now directly owns 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Price Performance

RCL stock opened at $272.84 on Friday. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $279.89. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. The stock has a market cap of $74.09 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 0.80 and a beta of 2.14. The business has a fifty day moving average of $239.38 and a two-hundred day moving average of $234.77.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. The firm had revenue of $4 billion during 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 company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $1.77 EPS. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.10%. Royal Caribbean Cruises's payout ratio is currently 24.92%.

Analysts Set New Price Targets

RCL has been the topic of a number of research reports. Citigroup raised their price target on shares of Royal Caribbean Cruises from $268.00 to $318.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Melius Research raised Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Jefferies Financial Group assumed coverage on Royal Caribbean Cruises in a research note on Monday, March 31st. They issued a "hold" rating and a $230.00 price target on the stock. Northcoast Research began coverage on Royal Caribbean Cruises in a research report on Friday, April 25th. They set a "buy" rating and a $279.00 price target for the company. Finally, Macquarie decreased their price objective on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Four analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $276.90.

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.

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