Kentucky Retirement Systems Insurance Trust Fund Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,894 shares of the company's stock, valued at approximately $1,416,000.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after buying an additional 353,893 shares during the period. Dorsey Wright & Associates acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $4,221,000. Groupama Asset Managment acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $1,122,000. Brown Miller Wealth Management LLC acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $266,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Royal Caribbean Cruises by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after buying an additional 2,068,114 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction 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 completion of the sale, the director now owns 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 the SEC website. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $272.84 on Monday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $279.89. 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 0.81 and a beta of 2.14. The business has a fifty day moving average of $239.38 and a 200-day moving average of $234.55. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 earnings per share. As a group, analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.10%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RCL. Jefferies Financial Group started coverage on Royal Caribbean Cruises in a report on Monday, March 31st. They issued a "hold" rating and a $230.00 price target for the company. Truist Financial lifted their price objective on Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, May 19th. UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the stock a "buy" rating in a report on Tuesday, May 20th. Morgan Stanley lifted their price objective 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. Finally, Citigroup lifted their price objective on Royal Caribbean Cruises from $268.00 to $318.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. 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. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $276.90.

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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