Robeco Institutional Asset Management B.V. Purchases 21,259 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Robeco Institutional Asset Management B.V. raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 20.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 125,515 shares of the company's stock after purchasing an additional 21,259 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Royal Caribbean Cruises were worth $25,786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $707,833,000. Vanguard Group Inc. boosted 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 acquiring an additional 2,068,114 shares during the last quarter. GAMMA Investing LLC boosted its holdings 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 valued at $289,868,000 after acquiring an additional 1,404,622 shares during the last quarter. Janus Henderson Group PLC boosted its holdings 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 valued at $222,166,000 after acquiring an additional 936,609 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings 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 valued at $612,080,000 after acquiring an additional 513,702 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $310.69 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $310.88. The company has a market capitalization of $84.37 billion, a P/E ratio of 25.80, a P/E/G ratio of 0.88 and a beta of 2.14. The firm's 50 day simple moving average is $249.05 and its two-hundred day simple moving average is $236.11.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. During the same quarter last year, the business posted $1.77 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.97%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

Analysts Set New Price Targets

RCL has been the topic of a number of recent analyst reports. UBS Group set a $311.00 price target on shares of Royal Caribbean Cruises and gave the company a "buy" rating in a report on Tuesday, May 20th. BNP Paribas initiated coverage on shares of Royal Caribbean Cruises in a report on Thursday, March 27th. They issued an "outperform" rating and a $262.00 price objective on the stock. Wall Street Zen downgraded shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a report on Saturday. Truist Financial raised their price objective 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. Finally, Citigroup raised their price objective on shares of Royal Caribbean Cruises from $268.00 to $318.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $276.90.

Insider Buying and Selling 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 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 sale, the director now directly owns 165,421 shares in the company, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 6.95% of the stock is currently owned by insiders.

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.

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