Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Generate Investment Management Ltd

Generate Investment Management Ltd increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122,761 shares of the company's stock after purchasing an additional 38,230 shares during the period. Royal Caribbean Cruises accounts for approximately 1.8% of Generate Investment Management Ltd's investment portfolio, making the stock its 13th biggest position. Generate Investment Management Ltd's holdings in Royal Caribbean Cruises were worth $25,220,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of RCL. Brighton Jones LLC raised its position in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company's stock worth $303,000 after purchasing an additional 143 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Royal Caribbean Cruises by 18.4% during the 4th quarter. First Horizon Advisors Inc. now owns 437 shares of the company's stock worth $101,000 after purchasing an additional 68 shares during the last quarter. Wealthspire Advisors LLC raised its position in shares of Royal Caribbean Cruises by 7.8% during the 4th quarter. Wealthspire Advisors LLC now owns 2,195 shares of the company's stock worth $506,000 after purchasing an additional 159 shares during the last quarter. Howard Capital Management Inc. raised its position in shares of Royal Caribbean Cruises by 4.9% during the 4th quarter. Howard Capital Management Inc. now owns 1,338 shares of the company's stock worth $309,000 after purchasing an additional 63 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $604,000. Institutional investors and hedge funds own 87.53% of the company's stock.

Royal Caribbean Cruises Trading Up 5.0%

Shares of Royal Caribbean Cruises stock traded up $14.80 during mid-day trading on Friday, hitting $310.69. The stock had a trading volume of 12,059,439 shares, compared to its average volume of 2,342,167. The firm has a 50-day moving average of $249.05 and a two-hundred day moving average of $236.11. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $310.88. 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 cap of $84.37 billion, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 0.88 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 EPS 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 analyst estimates of $4.02 billion. During the same period in the prior year, the business posted $1.77 EPS. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 dividend 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.95% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RCL shares. UBS Group set a $311.00 price target on shares of Royal Caribbean Cruises and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Jefferies Financial Group initiated coverage on shares of Royal Caribbean Cruises in a research note on Monday, March 31st. They set a "hold" rating and a $230.00 price objective for the company. Stifel Nicolaus upped their price objective on shares of Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Truist Financial upped their price objective on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Northcoast Research initiated coverage on shares of Royal Caribbean Cruises in a research note on Friday, April 25th. They set a "buy" rating and a $279.00 price objective for the company. Four analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $276.90.

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.