Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 480.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,413 shares of the company's stock after purchasing an additional 1,997 shares during the period. Exchange Traded Concepts LLC's holdings in Royal Caribbean Cruises were worth $496,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Royal Caribbean Cruises by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after purchasing an additional 353,893 shares in the last quarter. Dorsey Wright & Associates acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $4,221,000. Groupama Asset Managment acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $1,122,000. Vanguard Group Inc. increased its position in shares of Royal Caribbean Cruises by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock worth $6,476,003,000 after purchasing an additional 2,068,114 shares in the last quarter. Finally, Maia Wealth LLC increased its position in shares of Royal Caribbean Cruises by 2,669.2% during the fourth quarter. Maia Wealth LLC now owns 1,080 shares of the company's stock worth $255,000 after purchasing an additional 1,041 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $272.84 on Friday. The business's 50-day moving average is $239.38 and its two-hundred day moving average is $234.67. The company has a market capitalization of $74.09 billion, a P/E ratio of 22.66, a P/E/G ratio of 0.81 and a beta of 2.14. 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 fifty-two week low of $130.08 and a fifty-two week high of $279.89.

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 for the quarter, topping 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 the consensus estimate of $4.02 billion. During the same period last year, the firm earned $1.77 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. Research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.10%. Royal Caribbean Cruises's payout ratio is currently 24.92%.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the sale, the director now directly owns 165,421 shares of the company's stock, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BNP Paribas started coverage on Royal Caribbean Cruises in a research report on Thursday, March 27th. They set an "outperform" rating and a $262.00 price target on the stock. Susquehanna cut their target price on Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating on the stock in a research report on Wednesday, April 30th. Macquarie cut their target price on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Citigroup upped their target price 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. Finally, Northcoast Research started coverage on Royal Caribbean Cruises in a research report on Friday, April 25th. They issued a "buy" rating and a $279.00 target price on the stock. Four 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $276.90.

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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