Royal Caribbean Cruises Ltd. (NYSE:RCL) is Noesis Capital Mangement Corp's 9th Largest Position

Noesis Capital Mangement Corp lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,234 shares of the company's stock after purchasing an additional 772 shares during the period. Royal Caribbean Cruises accounts for 3.2% of Noesis Capital Mangement Corp's portfolio, making the stock its 9th largest holding. Noesis Capital Mangement Corp's holdings in Royal Caribbean Cruises were worth $16,278,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RCL. Capital International Investors boosted its holdings in shares of Royal Caribbean Cruises by 0.9% during the 4th quarter. Capital International Investors now owns 29,712,610 shares of the company's stock worth $6,854,905,000 after buying an additional 278,860 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after buying an additional 353,893 shares during the period. Norges Bank bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth about $707,833,000. Bank of New York Mellon Corp boosted its holdings in shares of Royal Caribbean Cruises by 21.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock worth $614,487,000 after buying an additional 535,043 shares during the period. 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 worth $612,080,000 after buying an additional 513,702 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Susquehanna cut their price objective on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating for the company in a report on Wednesday, April 30th. Truist Financial reissued a "hold" rating and issued a $337.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Monday. William Blair reissued an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday. Citigroup reissued a "buy" rating and issued a $390.00 price objective (up previously from $318.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 16th. Finally, UBS Group set a $311.00 price objective on shares of Royal Caribbean Cruises and gave the company a "buy" rating in a report on Tuesday, May 20th. Five investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $311.05.

Royal Caribbean Cruises Trading Up 0.9%

NYSE RCL traded up $3.17 on Friday, hitting $352.53. The company's stock had a trading volume of 1,652,227 shares, compared to its average volume of 2,556,794. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $355.91. The company's 50-day moving average is $292.10 and its 200 day moving average is $249.39. The firm has a market cap of $95.73 billion, a PE ratio of 29.28, a PEG ratio of 1.04 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 (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.18. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. Royal Caribbean Cruises's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 earnings per share. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

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

Insider Activity 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 value of $4,960,760.00. Following the completion of the sale, the director owned 165,421 shares in the company, valued at $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.95% of the stock is currently owned by corporate 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.