Focus Partners Advisor Solutions LLC Increases Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Focus Partners Advisor Solutions LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 68.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,606 shares of the company's stock after acquiring an additional 1,060 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Royal Caribbean Cruises were worth $601,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RCL. Capital International Investors raised its position in Royal Caribbean Cruises by 0.9% during the 4th quarter. Capital International Investors now owns 29,712,610 shares of the company's stock worth $6,854,905,000 after purchasing an additional 278,860 shares during the last quarter. Vanguard Group Inc. raised its position in Royal Caribbean Cruises by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock worth $6,476,003,000 after purchasing an additional 2,068,114 shares during the last quarter. Geode Capital Management LLC raised its position in Royal Caribbean Cruises by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after purchasing an additional 353,893 shares during the last quarter. Norges Bank bought a new position in Royal Caribbean Cruises during the 4th quarter worth $707,833,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Royal Caribbean Cruises by 24.0% during the 4th 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. Institutional investors and hedge funds own 87.53% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RCL shares. Morgan Stanley boosted their price objective on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Northcoast Research started coverage on Royal Caribbean Cruises in a report on Friday, April 25th. They issued a "buy" rating and a $279.00 target price for the company. UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. The Goldman Sachs Group lowered their price objective on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Barclays increased their target price on Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average target price of $271.95.

Royal Caribbean Cruises Stock Up 6.5%

Shares of RCL traded up $15.53 on Tuesday, hitting $255.65. 2,726,497 shares of the stock traded hands, compared to its average volume of 2,273,752. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year high of $277.08. The company has a market capitalization of $69.42 billion, a PE ratio of 23.91, a P/E/G ratio of 0.90 and a beta of 2.12. The business has a 50 day simple moving average of $215.93 and a 200 day simple moving average of $231.25.

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, beating analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

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 paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Royal Caribbean Cruises declared that its Board of Directors has authorized a stock repurchase program on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company's 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 completion of the transaction, the director now owns 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 7.95% of the stock is currently owned by corporate insiders.

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.