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.
Check Out Our Latest Analysis on Royal Caribbean Cruises
About Royal Caribbean Cruises
(
Free Report)
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.
Further Reading

Before you consider Royal Caribbean Cruises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royal Caribbean Cruises wasn't on the list.
While Royal Caribbean Cruises currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.