OneAscent Wealth Management LLC Makes New Investment in Royal Caribbean Cruises Ltd. (NYSE:RCL)

OneAscent Wealth Management LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,049 shares of the company's stock, valued at approximately $216,000.

Several other hedge funds have also added to or reduced their stakes in RCL. Brighton Jones LLC lifted its stake in Royal Caribbean Cruises by 12.2% in 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. Proficio Capital Partners LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $302,000. Teacher Retirement System of Texas raised its stake in shares of Royal Caribbean Cruises by 39.8% during the fourth quarter. Teacher Retirement System of Texas now owns 2,288 shares of the company's stock valued at $528,000 after acquiring an additional 651 shares during the last quarter. Summit Global Investments bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $382,000. Finally, Virtu Financial LLC raised its stake in shares of Royal Caribbean Cruises by 26.7% during the fourth quarter. Virtu Financial LLC now owns 5,054 shares of the company's stock valued at $1,166,000 after acquiring an additional 1,064 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on RCL. Morgan Stanley upped their price objective on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Loop Capital reaffirmed a "buy" rating and set a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Northcoast Research assumed coverage on shares of Royal Caribbean Cruises in a research note on Friday, April 25th. They set a "buy" rating and a $279.00 price objective for the company. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Finally, Jefferies Financial Group boosted their price target on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research report on Monday, July 7th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has an average rating of "Moderate Buy" and an average target price of $300.60.

Insider Activity

In related news, Director Richard D. Fain sold 19,600 shares of the firm's stock in a transaction 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 transaction, the director directly owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Down 0.6%

Shares of Royal Caribbean Cruises stock opened at $348.16 on Monday. The company has a market cap of $94.55 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 1.04 and a beta of 2.17. The company's 50 day moving average is $284.00 and its 200 day moving average is $246.31. Royal Caribbean Cruises Ltd. has a twelve month low of $130.08 and a twelve month high of $352.68. 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 data 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 for 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%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.77 earnings per share. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were paid a $0.75 dividend. 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%.

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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