Csenge Advisory Group Has $248,000 Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Csenge Advisory Group lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 61.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,288 shares of the company's stock after selling 2,085 shares during the period. Csenge Advisory Group's holdings in Royal Caribbean Cruises were worth $248,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Capital International Investors lifted its position in Royal Caribbean Cruises by 0.9% during the fourth 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 lifted its position in Royal Caribbean Cruises by 6.3% during the fourth 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 purchased a new position in Royal Caribbean Cruises during the fourth quarter worth about $707,833,000. Bank of New York Mellon Corp lifted its position in Royal Caribbean Cruises by 21.8% during the first 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 raised its holdings in shares of Royal Caribbean Cruises by 24.0% in 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 purchasing an additional 513,702 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Performance

NYSE RCL traded up $3.17 during trading hours on Friday, reaching $352.53. The company's stock had a trading volume of 1,652,227 shares, compared to its average volume of 2,516,955. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 2.21. The business has a 50-day simple moving average of $294.04 and a 200 day simple moving average of $250.43. Royal Caribbean Cruises Ltd. has a 52 week low of $130.08 and a 52 week high of $355.91. The stock has a market cap of $95.73 billion, a PE 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 released its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.77 EPS. Equities research 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 declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a dividend of $0.75 per share. 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%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RCL. Loop Capital reaffirmed a "buy" rating and issued a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $310.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, July 9th. TD Cowen began coverage on Royal Caribbean Cruises in a research note on Tuesday. They issued a "buy" rating and a $405.00 price objective on the stock. Northcoast Research assumed coverage on Royal Caribbean Cruises in a research note on Friday, April 25th. They issued a "buy" rating and a $279.00 price objective on the stock. Finally, Barclays raised their target price on Royal Caribbean Cruises from $263.00 to $358.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus target price of $311.05.

Insider Activity 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 shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the completion of the transaction, the director owned 165,421 shares in the company, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.95% of the company's stock.

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.