Raleigh Capital Management Inc. Grows Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Raleigh Capital Management Inc. lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 80.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,934 shares of the company's stock after purchasing an additional 860 shares during the period. Raleigh Capital Management Inc.'s holdings in Royal Caribbean Cruises were worth $397,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RCL. Brown Brothers Harriman & Co. grew its position in shares of Royal Caribbean Cruises by 618.8% in the 4th quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after buying an additional 99 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Royal Caribbean Cruises in the fourth quarter valued at $35,000. Truvestments Capital LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at $36,000. Capital A Wealth Management LLC bought a new position in Royal Caribbean Cruises in the 4th quarter worth $40,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $46,000. 87.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on RCL. Melius Research upgraded shares of Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. Citigroup lifted their price objective on Royal Caribbean Cruises from $268.00 to $318.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Barclays increased their target price on Royal Caribbean Cruises from $249.00 to $263.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group decreased their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Truist Financial boosted their price objective on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Four research analysts have rated the stock with a hold rating, seventeen 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 presently has a consensus rating of "Moderate Buy" and an average price target of $280.40.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $334.10 on Monday. The company has a market cap of $90.73 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 0.99 and a beta of 2.17. The business's fifty day simple moving average is $261.08 and its two-hundred day simple moving average is $239.01. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $334.48. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 2.21.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate 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 company had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. During the same period last year, the firm posted $1.77 earnings per share. Royal Caribbean Cruises's revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.90%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 24.92%.

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.

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