Independent Advisor Alliance increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 106.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,963 shares of the company's stock after acquiring an additional 6,696 shares during the quarter. Independent Advisor Alliance's holdings in Royal Caribbean Cruises were worth $2,663,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital International Investors increased its stake in Royal Caribbean Cruises by 0.9% in the fourth quarter. Capital International Investors now owns 29,712,610 shares of the company's stock valued at $6,854,905,000 after purchasing an additional 278,860 shares during the period. Vanguard Group Inc. increased its stake in Royal Caribbean Cruises by 2.1% in the first quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company's stock valued at $5,890,943,000 after purchasing an additional 602,447 shares during the period. Bank of New York Mellon Corp increased its stake in Royal Caribbean Cruises by 21.8% in the first quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company's stock valued at $614,487,000 after purchasing an additional 535,043 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Royal Caribbean Cruises by 24.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company's stock valued at $612,080,000 after purchasing an additional 513,702 shares during the period. Finally, Northern Trust Corp increased its stake in Royal Caribbean Cruises by 15.6% in the fourth quarter. Northern Trust Corp now owns 2,364,794 shares of the company's stock valued at $545,534,000 after purchasing an additional 319,264 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Royal Caribbean Cruises
In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the sale, the director owned 150,291 shares of the company's stock, valued at $46,743,506.82. This represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the sale, the chief accounting officer directly owned 7,826 shares in the company, valued at $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,807 shares of company stock worth $11,652,630. 6.95% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have commented on RCL shares. Sanford C. Bernstein lifted their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Barclays lifted their price objective on shares of Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a research note on Wednesday, July 9th. Truist Financial set a $337.00 price objective on shares of Royal Caribbean Cruises in a research note on Wednesday, July 30th. Northcoast Research initiated coverage on shares of Royal Caribbean Cruises in a report on Friday, April 25th. They issued a "buy" rating and a $279.00 target price on the stock. Finally, The Goldman Sachs Group lowered their target price on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Five equities 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. According to data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and a consensus target price of $323.10.
Read Our Latest Stock Report on Royal Caribbean Cruises
Royal Caribbean Cruises Price Performance
RCL stock traded up $0.36 during trading on Wednesday, reaching $313.44. 1,900,690 shares of the company were exchanged, compared to its average volume of 2,145,314. The company has a market cap of $85.14 billion, a P/E ratio of 23.50, a PEG ratio of 0.88 and a beta of 2.22. Royal Caribbean Cruises Ltd. has a 52-week low of $150.33 and a 52-week high of $355.91. The stock's 50 day moving average price is $311.20 and its 200 day moving average price is $257.81. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.34. The firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The firm's revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.21 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.
About Royal Caribbean Cruises
(
Free Report)
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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