Fiduciary Family Office LLC Makes New $796,000 Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Fiduciary Family Office LLC invested approximately $796,000 in Royal Caribbean Cruises Ltd., acquiring 3,873 shares in the first quarter, as reported in its 13F filing.
• Insider trading activity includes CAO Henry L. Pujol selling over 5,000 shares, reducing ownership by nearly 40%, and Director Richard D. Fain selling 19,600 shares, which decreased his ownership by 10.59%.
• Royal Caribbean Cruises reported $4.38 earnings per share, exceeding estimates, and experienced a 10.4% increase in quarterly revenue year-over-year.

Fiduciary Family Office LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,873 shares of the company's stock, valued at approximately $796,000.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Royal Caribbean Cruises by 22,154.9% in 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 in the last quarter. Janus Henderson Group PLC grew its stake in shares of 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 worth $222,166,000 after buying an additional 936,609 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 2.1% during the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock worth $5,890,943,000 after buying an additional 602,447 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Royal Caribbean Cruises by 21.8% in the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after purchasing an additional 535,043 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake 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 worth $612,080,000 after purchasing an additional 513,702 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RCL shares. The Goldman Sachs Group reduced their price objective on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Morgan Stanley boosted their price objective on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Bank of America boosted their target price on shares of Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $400.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Truist Financial set a $337.00 target price on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $323.10.

Insiders Place Their Bets

In related news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises 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 transaction, the director owned 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction on 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 completion of the transaction, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. The trade was a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,807 shares of company stock worth $11,652,630. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded up $1.28 on Monday, hitting $302.72. 1,445,593 shares of the company traded hands, compared to its average volume of 2,123,618. The firm's 50-day simple moving average is $309.32 and its 200 day simple moving average is $257.03. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 1.88. The company has a market cap of $82.23 billion, a P/E ratio of 22.69, a P/E/G ratio of 0.85 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a 12-month low of $150.33 and a 12-month high of $355.91.

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

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.