Jackson Creek Investment Advisors LLC Invests $360,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Jackson Creek Investment Advisors LLC bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 1,752 shares of the company's stock, valued at approximately $360,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RCL. Financial Gravity Asset Management Inc. purchased a new stake in Royal Caribbean Cruises during the 1st quarter worth $25,000. Hughes Financial Services LLC purchased a new stake in Royal Caribbean Cruises during the 1st quarter worth approximately $26,000. Brown Brothers Harriman & Co. raised its position in shares of Royal Caribbean Cruises by 618.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Optimum Investment Advisors acquired a new stake in Royal Caribbean Cruises in the first quarter valued at $31,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $35,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 0.6%

Shares of Royal Caribbean Cruises stock opened at $350.45 on Friday. The business has a fifty day simple moving average of $284.00 and a 200-day simple moving average of $246.08. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $352.68. The firm has a market cap of $95.17 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 1.03 and a beta of 2.17. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. The company had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. Royal Caribbean Cruises's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.77 EPS. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.86%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the business's 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 sale, the director directly owned 165,421 shares of the company's stock, valued at $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley increased their target price on Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. BNP Paribas assumed coverage on shares of Royal Caribbean Cruises in a report on Thursday, March 27th. They set an "outperform" rating and a $262.00 target price on the stock. Wall Street Zen lowered shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Loop Capital reissued a "buy" rating and issued a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Finally, Truist Financial boosted their price objective on Royal Caribbean Cruises from $272.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $297.50.

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.

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