Royal Caribbean Cruises Ltd. (NYSE:RCL) Stake Raised by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 95.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,912 shares of the company's stock after buying an additional 4,850 shares during the period. Royal Caribbean Cruises makes up about 1.2% of Gordian Capital Singapore Pte Ltd's investment portfolio, making the stock its 16th largest holding. Gordian Capital Singapore Pte Ltd's holdings in Royal Caribbean Cruises were worth $2,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RCL. Capital International Investors boosted its stake 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 valued at $6,854,905,000 after buying an additional 278,860 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Royal Caribbean Cruises by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after purchasing an additional 2,068,114 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock worth $1,373,856,000 after purchasing an additional 353,893 shares during the last quarter. Norges Bank acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $707,833,000. 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 in the last quarter. 87.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 value of $4,960,760.00. Following the sale, the director now owns 165,421 shares of the company's stock, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Trading Down 4.6%

Shares of RCL stock opened at $237.77 on Thursday. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The firm's fifty day simple moving average is $214.31 and its 200 day simple moving average is $230.60. Royal Caribbean Cruises Ltd. has a 1 year low of $130.08 and a 1 year high of $277.08. The firm has a market capitalization of $64.57 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.71 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 48.97% and a net margin of 17.46%. Royal Caribbean Cruises's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 earnings per share. As a group, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 12th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 4th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.26%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 24.92%.

Analysts Set New Price Targets

RCL has been the topic of several research reports. Morgan Stanley upped their price target on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Argus upped their target price on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. The Goldman Sachs Group decreased their price target on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. BNP Paribas assumed coverage on Royal Caribbean Cruises in a report on Thursday, March 27th. They set an "outperform" rating and a $262.00 price objective on the stock. Finally, Stifel Nicolaus decreased their target price on shares of Royal Caribbean Cruises from $310.00 to $265.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Four equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $271.95.

Royal Caribbean Cruises Company 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.

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