Redhawk Wealth Advisors Inc. Decreases Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Redhawk Wealth Advisors Inc. trimmed its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 16.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,214 shares of the company's stock after selling 1,454 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Royal Caribbean Cruises were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at approximately $707,833,000. Vanguard Group Inc. increased its holdings in shares of Royal Caribbean Cruises by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after purchasing an additional 2,068,114 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Royal Caribbean Cruises by 22,154.9% in the 1st quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company's stock valued at $289,868,000 after purchasing an additional 1,404,622 shares during the period. Janus Henderson Group PLC boosted its holdings in Royal Caribbean Cruises by 3,544.4% during the fourth quarter. Janus Henderson Group PLC now owns 963,034 shares of the company's stock worth $222,166,000 after buying an additional 936,609 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in 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 valued at $612,080,000 after buying an additional 513,702 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Melius Research upgraded Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. The Goldman Sachs Group cut their price objective on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Barclays increased their target price on Royal Caribbean Cruises from $249.00 to $263.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Finally, Citigroup lifted their price target on shares of Royal Caribbean Cruises from $268.00 to $318.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and a consensus target price of $276.90.

Royal Caribbean Cruises Trading Down 0.4%

Shares of RCL traded down $0.99 during mid-day trading on Thursday, reaching $266.97. The stock had a trading volume of 412,082 shares, compared to its average volume of 2,279,947. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $279.89. The firm has a market cap of $72.50 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 0.90 and a beta of 2.14. The business's fifty day moving average is $229.03 and its 200 day moving average is $233.71. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter last year, the firm earned $1.77 EPS. The business's revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 1.12%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

Royal Caribbean Cruises declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 1.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the firm's 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 transaction, the director now owns 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.95% of the company's stock.

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.