Dorsey Wright & Associates Acquires 865 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Dorsey Wright & Associates lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,162 shares of the company's stock after buying an additional 865 shares during the quarter. Dorsey Wright & Associates' holdings in Royal Caribbean Cruises were worth $3,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Noesis Capital Mangement Corp grew its holdings in Royal Caribbean Cruises by 1.0% in the 1st quarter. Noesis Capital Mangement Corp now owns 79,234 shares of the company's stock valued at $16,278,000 after buying an additional 772 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of Royal Caribbean Cruises by 23.6% in the first quarter. AE Wealth Management LLC now owns 7,564 shares of the company's stock valued at $1,554,000 after acquiring an additional 1,444 shares during the period. Wedbush Securities Inc. grew its stake in shares of Royal Caribbean Cruises by 7.3% in the first quarter. Wedbush Securities Inc. now owns 5,210 shares of the company's stock worth $1,070,000 after acquiring an additional 353 shares during the last quarter. Accredited Investors Inc. increased its position in Royal Caribbean Cruises by 2.1% during the first quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock worth $458,000 after acquiring an additional 46 shares during the period. Finally, Proficio Capital Partners LLC increased its position in Royal Caribbean Cruises by 3.4% during the first quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock worth $278,000 after acquiring an additional 45 shares during the period. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Trading Down 0.9%

Shares of Royal Caribbean Cruises stock traded down $3.30 on Thursday, hitting $349.55. 1,522,872 shares of the company's stock traded hands, compared to its average volume of 2,632,724. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year high of $355.91. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15. The stock has a market capitalization of $94.92 billion, a PE ratio of 29.03, a price-to-earnings-growth ratio of 1.04 and a beta of 2.17. The firm's 50-day moving average price is $292.10 and its two-hundred day moving average price is $249.39.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.86%. Royal Caribbean Cruises's payout ratio is 24.92%.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises 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 value of $4,960,760.00. Following the sale, the director directly owned 165,421 shares in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 6.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Sanford C. Bernstein increased their target price 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. Jefferies Financial Group raised their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a "hold" rating in a research report on Monday, July 7th. Northcoast Research started coverage on Royal Caribbean Cruises in a report on Friday, April 25th. They set a "buy" rating and a $279.00 price objective on the stock. Finally, The Goldman Sachs Group cut their target price on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $311.05.

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.