5,020 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Purchased by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,020 shares of the company's stock, valued at approximately $1,035,000.

Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its holdings in shares of Royal Caribbean Cruises by 618.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after acquiring an additional 99 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at about $35,000. Truvestments Capital LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth about $36,000. Capital A Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $40,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $46,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the sale, the director now owns 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

RCL traded up $5.06 during trading hours on Friday, hitting $272.84. 3,180,800 shares of the stock were exchanged, compared to its average volume of 2,288,655. 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 stock has a 50-day simple moving average of $237.76 and a 200-day simple moving average of $234.59. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $279.89.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results 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. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the firm posted $1.77 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

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

Wall Street Analysts Forecast Growth

RCL has been the topic of several recent research reports. Barclays boosted their price target on Royal Caribbean Cruises from $249.00 to $263.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Macquarie decreased their target price on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Northcoast Research assumed coverage on shares of Royal Caribbean Cruises in a report on Friday, April 25th. They set a "buy" rating and a $279.00 price target for the company. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Finally, Jefferies Financial Group began coverage on shares of Royal Caribbean Cruises in a research report on Monday, March 31st. They issued a "hold" rating and a $230.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus target price 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.