Board of the Pension Protection Fund Buys 3,300 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Board of the Pension Protection Fund boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1,100.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,600 shares of the company's stock after purchasing an additional 3,300 shares during the period. Board of the Pension Protection Fund's holdings in Royal Caribbean Cruises were worth $740,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RCL. Brighton Jones LLC boosted its holdings in shares of Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after buying an additional 143 shares during the last quarter. First Horizon Advisors Inc. raised its position in Royal Caribbean Cruises by 18.4% in the fourth quarter. First Horizon Advisors Inc. now owns 437 shares of the company's stock worth $101,000 after acquiring an additional 68 shares during the period. Wealthspire Advisors LLC boosted its stake in Royal Caribbean Cruises by 7.8% in the fourth quarter. Wealthspire Advisors LLC now owns 2,195 shares of the company's stock valued at $506,000 after acquiring an additional 159 shares during the last quarter. Advisor OS LLC boosted its stake in Royal Caribbean Cruises by 7.2% in the fourth quarter. Advisor OS LLC now owns 1,235 shares of the company's stock valued at $285,000 after acquiring an additional 83 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Royal Caribbean Cruises by 4.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,220 shares of the company's stock valued at $4,895,000 after acquiring an additional 877 shares during the period. Institutional investors own 87.53% of the company's stock.

Insider Activity

In related news, Director Richard D. Fain sold 19,600 shares of the company'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 transaction, the director now directly owns 165,421 shares in the company, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.95% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the topic of a number of research reports. Loop Capital reaffirmed a "buy" rating and issued a $290.00 price target (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Susquehanna lowered their target price on 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. UBS Group set a $311.00 price target on Royal Caribbean Cruises and gave the company a "buy" rating in a research report on Tuesday, May 20th. Northcoast Research began coverage on Royal Caribbean Cruises in a report on Friday, April 25th. They issued a "buy" rating and a $279.00 price objective for the company. Finally, Macquarie lowered their price objective on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. 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. Based on data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average price target of $276.90.

Royal Caribbean Cruises Price Performance

NYSE RCL traded up $14.80 on Friday, hitting $310.69. The stock had a trading volume of 12,059,439 shares, compared to its average volume of 2,338,477. The firm has a 50-day moving average of $246.69 and a 200-day moving average of $235.66. 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 Ltd. has a 52-week low of $130.08 and a 52-week high of $310.69. The company has a market capitalization of $84.37 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 0.85 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping 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 in the prior year, the firm posted $1.77 earnings per share. The business's quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.97%. Royal Caribbean Cruises's payout ratio is currently 24.92%.

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.