J.W. Cole Advisors Inc. Raises Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

J.W. Cole Advisors Inc. raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 69.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,254 shares of the company's stock after acquiring an additional 3,372 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Royal Caribbean Cruises were worth $1,696,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth $25,000. Hughes Financial Services LLC acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth $26,000. Brown Brothers Harriman & Co. raised its holdings in shares of Royal Caribbean Cruises by 618.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Optimum Investment Advisors acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth $31,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter worth $35,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RCL has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a "hold" rating and issued a $337.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a research report on Monday, July 21st. Melius Research raised Royal Caribbean Cruises to a "strong-buy" rating in a research report on Monday, April 21st. William Blair reaffirmed an "outperform" rating on shares of Royal Caribbean Cruises in a research report on Wednesday. Barclays lifted their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Finally, UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the company a "buy" rating in a research report on Tuesday, May 20th. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $311.05.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction dated 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 completion of the sale, the director owned 165,421 shares of the company's stock, valued at $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Up 0.9%

Shares of NYSE RCL traded up $3.17 on Friday, hitting $352.53. The company had a trading volume of 1,652,227 shares, compared to its average volume of 2,516,955. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $355.91. The business has a 50 day moving average of $294.04 and a two-hundred day moving average of $250.43. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $95.73 billion, a P/E ratio of 29.28, a PEG ratio of 0.99 and a beta of 2.17.

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 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 during the quarter, compared to the consensus estimate of $4.02 billion. During the same quarter in the prior year, the business earned $1.77 earnings per share. The company's revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.85%. Royal Caribbean Cruises's payout ratio is 24.92%.

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.