Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 106.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,177 shares of the company's stock after acquiring an additional 1,123 shares during the quarter. OneAscent Financial Services LLC's holdings in Royal Caribbean Cruises were worth $449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Capital International Investors lifted its position in shares of Royal Caribbean Cruises by 0.9% in the fourth quarter. Capital International Investors now owns 29,712,610 shares of the company's stock valued at $6,854,905,000 after acquiring an additional 278,860 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Royal Caribbean Cruises by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after acquiring an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Royal Caribbean Cruises by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after acquiring an additional 353,893 shares in the last quarter. Norges Bank purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at $707,833,000. Finally, Bank of New York Mellon Corp lifted its position in Royal Caribbean Cruises by 21.8% during the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after buying an additional 535,043 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Royal Caribbean Cruises 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 transaction of $4,960,760.00. Following the completion of the sale, the director owned 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Down 0.6%

Shares of RCL stock traded down $1.95 during trading hours on Thursday, reaching $350.90. The company had a trading volume of 843,090 shares, compared to its average volume of 2,558,059. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. Royal Caribbean Cruises Ltd. has a twelve month low of $130.08 and a twelve month high of $355.91. The company has a market capitalization of $95.29 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.03 and a beta of 2.17. The stock's fifty day simple moving average is $290.11 and its 200 day simple moving average is $248.55.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the firm earned $1.77 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.85%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RCL. Bank of America raised their price target on Royal Caribbean Cruises from $230.00 to $355.00 and gave the stock a "neutral" rating in a research note on Wednesday. TD Cowen began coverage on Royal Caribbean Cruises in a research note on Tuesday. They issued a "buy" rating and a $405.00 price target on the stock. Northcoast Research began coverage on Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a "buy" rating and a $279.00 price target on the stock. Macquarie decreased their price target on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Melius Research raised Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $311.05.

Royal Caribbean Cruises Company 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.