PFG Advisors acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 982 shares of the company's stock, valued at approximately $202,000.
Several other institutional investors also recently bought and sold shares of the business. Ostrum Asset Management increased its stake in Royal Caribbean Cruises by 0.3% during the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock valued at $2,678,000 after buying an additional 40 shares during the period. CWM LLC grew its stake in shares of Royal Caribbean Cruises by 0.4% in the 1st quarter. CWM LLC now owns 12,816 shares of the company's stock worth $2,633,000 after purchasing an additional 45 shares during the last quarter. Forum Financial Management LP grew its stake in shares of Royal Caribbean Cruises by 1.5% in the 1st quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock worth $628,000 after purchasing an additional 46 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Royal Caribbean Cruises by 2.5% in the 1st quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock worth $438,000 after purchasing an additional 52 shares during the last quarter. Finally, Legacy Advisors LLC grew its stake in shares of Royal Caribbean Cruises by 5.4% in the 1st quarter. Legacy Advisors LLC now owns 1,027 shares of the company's stock worth $212,000 after purchasing an additional 53 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.
Royal Caribbean Cruises Stock Performance
RCL stock opened at $352.53 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $95.73 billion, a price-to-earnings ratio of 29.28, a P/E/G ratio of 0.99 and a beta of 2.17. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $355.91. The firm has a 50 day moving average of $294.04 and a two-hundred day moving average of $250.43.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, topping the consensus estimate 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%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 earnings per share. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.
Royal Caribbean Cruises Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.85%. Royal Caribbean Cruises's dividend payout ratio is 24.92%.
Insider Buying and Selling
In other news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction on Monday, May 19th. The shares were 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 directly owned 165,421 shares in the company, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.95% of the stock is owned by corporate insiders.
Analyst Ratings Changes
RCL has been the topic of several recent research reports. Susquehanna lowered their price objective on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating on the stock in a research note on Wednesday, April 30th. TD Cowen started coverage on shares of Royal Caribbean Cruises in a report on Tuesday, July 22nd. They issued a "buy" rating and a $405.00 target price for the company. Macquarie decreased their target price on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Barclays raised their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Wall Street Zen cut shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a report on Saturday, June 28th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $311.05.
Read Our Latest Analysis on Royal Caribbean Cruises
About Royal Caribbean Cruises
(
Free Report)
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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