Pinkerton Retirement Specialists LLC raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 173.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,024 shares of the company's stock after acquiring an additional 3,190 shares during the quarter. Pinkerton Retirement Specialists LLC's holdings in Royal Caribbean Cruises were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors increased its holdings in Royal Caribbean Cruises by 0.9% during the 4th 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. grew its holdings in shares of Royal Caribbean Cruises by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock worth $6,476,003,000 after buying an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Royal Caribbean Cruises by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after buying an additional 353,893 shares in the last quarter. Norges Bank purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $707,833,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Royal Caribbean Cruises by 24.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock worth $612,080,000 after buying an additional 513,702 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.
Royal Caribbean Cruises Price Performance
Shares of NYSE RCL traded up $14.74 during midday trading on Tuesday, reaching $254.86. 1,020,859 shares of the company traded hands, compared to its average volume of 2,267,959. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $277.08. The firm has a market cap of $69.21 billion, a PE ratio of 23.83, a PEG ratio of 0.90 and a beta of 2.12. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.15 and a current ratio of 0.17. The stock's 50-day simple moving average is $215.93 and its 200-day simple moving average is $231.25.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.53 by $0.18. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 EPS. As a group, equities analysts anticipate 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. Investors of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.18%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.
Royal Caribbean Cruises declared that its board has approved a stock repurchase plan on Wednesday, February 12th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on RCL. Truist Financial lifted their price target on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a research note on Monday, April 21st. Macquarie lowered 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 research note on Friday, May 9th. Loop Capital upgraded shares of Royal Caribbean Cruises from a "hold" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, March 5th. Finally, Morgan Stanley boosted their target price 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. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $271.95.
Get Our Latest Research Report on RCL
Insider Buying and Selling
In related news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction 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 now directly owns 165,421 shares in the company, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.95% of the stock is owned by corporate insiders.
Royal Caribbean Cruises Company Profile
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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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