8,484 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,484 shares of the company's stock, valued at approximately $1,743,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Yousif Capital Management LLC lifted its position in Royal Caribbean Cruises by 2.6% during the 1st quarter. Yousif Capital Management LLC now owns 33,195 shares of the company's stock valued at $6,820,000 after purchasing an additional 840 shares during the period. Farther Finance Advisors LLC lifted its position in Royal Caribbean Cruises by 31.7% during the 1st quarter. Farther Finance Advisors LLC now owns 3,596 shares of the company's stock valued at $748,000 after purchasing an additional 866 shares during the period. Central Bank & Trust Co. acquired a new position in Royal Caribbean Cruises during the 1st quarter valued at about $477,000. UMB Bank n.a. lifted its position in Royal Caribbean Cruises by 2.5% during the 1st quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock valued at $438,000 after purchasing an additional 52 shares during the period. Finally, Wedmont Private Capital lifted its position in Royal Caribbean Cruises by 6.3% during the 1st quarter. Wedmont Private Capital now owns 7,438 shares of the company's stock valued at $1,428,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Down 3.0%

Shares of NYSE RCL traded down $7.96 during trading hours on Friday, hitting $257.77. The company had a trading volume of 2,791,111 shares, compared to its average volume of 2,287,772. The stock has a market capitalization of $70.00 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 0.90 and a beta of 2.14. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $279.89. The firm's 50 day moving average is $232.33 and its 200-day moving average is $233.92.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.16%. Royal Caribbean Cruises's dividend payout ratio is 24.92%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RCL. Barclays upped their target price on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. UBS Group set a $311.00 price target on Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. Northcoast Research initiated coverage on Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a "buy" rating and a $279.00 price target for the company. Finally, Melius Research raised Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $276.90.

Insider Buying and Selling 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 stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director now owns 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.95% of the company's stock.

Royal Caribbean Cruises 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.