Private Advisor Group LLC Increases Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Private Advisor Group LLC boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,741 shares of the company's stock after purchasing an additional 831 shares during the period. Private Advisor Group LLC's holdings in Royal Caribbean Cruises were worth $2,207,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth $707,833,000. GAMMA Investing LLC boosted its stake in shares of Royal Caribbean Cruises by 22,154.9% during the 1st quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock worth $289,868,000 after acquiring an additional 1,404,622 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Royal Caribbean Cruises by 3,544.4% during the 4th quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock worth $222,166,000 after acquiring an additional 936,609 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Royal Caribbean Cruises by 21.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after acquiring an additional 535,043 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Royal Caribbean Cruises by 24.0% during the 4th 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 acquiring an additional 513,702 shares during the last quarter. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Stock Up 0.9%

Royal Caribbean Cruises stock traded up $3.17 during midday trading on Friday, reaching $352.53. The stock had a trading volume of 1,652,227 shares, compared to its average volume of 2,516,955. The firm's fifty day simple moving average is $294.04 and its 200-day simple moving average is $250.27. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $355.91. The stock has a market capitalization of $95.73 billion, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 0.98 and a beta of 2.17. 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 (NYSE:RCL - Get Free Report) last posted its quarterly earnings results 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. 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 for the quarter, compared to analysts' expectations of $4.02 billion. During the same quarter in the prior year, the business earned $1.77 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

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

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction dated 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 sale, the director owned 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.95% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of analyst reports. Susquehanna lowered their target price 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. Northcoast Research initiated coverage on shares of Royal Caribbean Cruises in a research note on Friday, April 25th. They set a "buy" rating and a $279.00 target price on the stock. TD Cowen initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday. They set a "buy" rating and a $405.00 target price on the stock. Barclays lifted their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Finally, Jefferies Financial Group lifted their target price on shares of Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a "hold" rating in a research note on Monday, July 7th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average target price of $311.05.

About Royal Caribbean Cruises

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.