Royal Caribbean Cruises Ltd. (NYSE:RCL) Stake Increased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd boosted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 40.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 172,744 shares of the company's stock after acquiring an additional 49,857 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.06% of Royal Caribbean Cruises worth $35,489,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RCL. Brown Brothers Harriman & Co. raised 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 valued at $27,000 after acquiring an additional 99 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $25,000. Hughes Financial Services LLC acquired a new stake in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $26,000. Fourth Dimension Wealth LLC acquired a new stake in Royal Caribbean Cruises during the 4th quarter worth approximately $35,000. Finally, Optimum Investment Advisors acquired a new stake in Royal Caribbean Cruises during the 1st quarter worth approximately $31,000. Institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

RCL traded up $1.94 during midday trading on Friday, hitting $350.45. 1,464,567 shares of the company traded hands, compared to its average volume of 2,359,480. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 2.21. The business has a 50 day simple moving average of $284.00 and a two-hundred day simple moving average of $246.19. The company has a market capitalization of $95.17 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 1.04 and a beta of 2.17. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $352.68.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its 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 return on equity of 47.89% and a net margin of 19.38%. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the business posted $1.77 EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.86%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 24.92%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RCL shares. Citigroup reiterated a "buy" rating and issued a $390.00 price objective (up from $318.00) on shares of Royal Caribbean Cruises in a report on Wednesday. BNP Paribas started 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. Northcoast Research began coverage on shares of Royal Caribbean Cruises in a report on Friday, April 25th. They issued a "buy" rating and a $279.00 price objective on the stock. Wall Street Zen cut shares of Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research note on Saturday, June 28th. Finally, UBS Group set a $311.00 target price on shares of Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $297.50.

Insider Activity

In related news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction on Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the transaction, the director owned 165,421 shares in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.95% of the stock is owned by company 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.