Moran Wealth Management LLC Acquires Shares of 982 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Moran Wealth Management LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 982 shares of the company's stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Royal Caribbean Cruises by 12.2% during the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after purchasing an additional 143 shares during the last quarter. Advisor OS LLC lifted its position in shares of Royal Caribbean Cruises by 7.2% during the fourth quarter. Advisor OS LLC now owns 1,235 shares of the company's stock worth $285,000 after purchasing an additional 83 shares during the last quarter. New York Life Investment Management LLC lifted its position in shares of Royal Caribbean Cruises by 4.9% during the fourth quarter. New York Life Investment Management LLC now owns 36,397 shares of the company's stock worth $8,396,000 after purchasing an additional 1,690 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in shares of Royal Caribbean Cruises by 2.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 95,700 shares of the company's stock worth $22,077,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Royal Caribbean Cruises by 41.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 24,121 shares of the company's stock worth $5,564,000 after purchasing an additional 7,109 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RCL has been the topic of several research analyst reports. Wall Street Zen cut shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday. Truist Financial increased their price target on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Melius Research raised shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Barclays raised their target price on shares of Royal Caribbean Cruises from $249.00 to $263.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, UBS Group set a $311.00 target price on shares of Royal Caribbean Cruises and gave the stock a "buy" rating in a report on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $276.90.

Insider Activity at Royal Caribbean Cruises

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 shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the sale, the director now directly owns 165,421 shares in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $310.69 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $310.88. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15. The firm has a market capitalization of $84.37 billion, a PE ratio of 25.80, a P/E/G ratio of 0.88 and a beta of 2.14. The company's 50 day simple moving average is $249.05 and its 200 day simple moving average is $236.11.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted 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. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the business earned $1.77 earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research 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 will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.97%. Royal Caribbean Cruises's dividend payout ratio is presently 24.92%.

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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