Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Florida Financial Advisors LLC

Florida Financial Advisors LLC grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 87.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,957 shares of the company's stock after purchasing an additional 914 shares during the quarter. Florida Financial Advisors LLC's holdings in Royal Caribbean Cruises were worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Ostrum Asset Management grew its stake in shares of Royal Caribbean Cruises by 0.3% during the fourth quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock valued at $2,678,000 after buying an additional 40 shares during the last quarter. CWM LLC raised its holdings in Royal Caribbean Cruises by 0.4% in the 1st quarter. CWM LLC now owns 12,816 shares of the company's stock worth $2,633,000 after acquiring an additional 45 shares during the last quarter. UMB Bank n.a. raised its stake in Royal Caribbean Cruises by 2.5% during the 1st quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock valued at $438,000 after buying an additional 52 shares during the last quarter. Legacy Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 5.4% in the 1st quarter. Legacy Advisors LLC now owns 1,027 shares of the company's stock worth $212,000 after purchasing an additional 53 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in Royal Caribbean Cruises by 1.1% in the 1st quarter. OneDigital Investment Advisors LLC now owns 5,015 shares of the company's stock worth $1,030,000 after buying an additional 53 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

RCL stock traded up $9.37 during trading on Thursday, hitting $348.60. 1,944,704 shares of the company's stock traded hands, compared to its average volume of 2,357,889. 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 52 week low of $130.08 and a 52 week high of $348.73. The stock has a fifty day moving average price of $279.35 and a two-hundred day moving average price of $244.46. The stock has a market capitalization of $94.67 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.01 and a beta of 2.17.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results 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 business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter in the prior year, the firm earned $1.77 earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on RCL shares. Barclays upped their target price on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Macquarie cut their price target on shares of Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Loop Capital reiterated a "buy" rating and set a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Citigroup reaffirmed 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. Finally, UBS Group set a $311.00 target price on shares of Royal Caribbean Cruises and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Four investment 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $297.50.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company's 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 of the company's stock, valued at $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.95% of the stock is currently owned by company insiders.

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.