Sequoia Financial Advisors LLC Grows Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Sequoia Financial Advisors LLC grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 41.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,869 shares of the company's stock after buying an additional 6,722 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Royal Caribbean Cruises were worth $4,698,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RCL. Brown Brothers Harriman & Co. boosted its stake in shares of Royal Caribbean Cruises by 618.8% in the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company's stock valued at $27,000 after purchasing an additional 99 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $35,000. Truvestments Capital LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $36,000. Capital A Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $40,000. Finally, Spurstone Advisory Services LLC purchased a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at $46,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RCL has been the subject of several analyst reports. BNP Paribas initiated coverage on shares of Royal Caribbean Cruises in a research note on Thursday, March 27th. They issued an "outperform" rating and a $262.00 target price for the company. Susquehanna decreased their target price on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating for the company in a research note on Wednesday, April 30th. Loop Capital restated a "buy" rating and issued a $290.00 target price (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. 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 price target on the stock. Finally, Stifel Nicolaus upped their price target on shares of Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of "Moderate Buy" and an average price target of $276.90.

Royal Caribbean Cruises Stock Up 5.0%

Shares of NYSE:RCL opened at $310.69 on Friday. The stock has a market capitalization of $84.37 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 0.88 and a beta of 2.14. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $310.88. The company's fifty day moving average is $249.05 and its two-hundred day moving average is $236.11. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.53 by $0.18. The company had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.77 earnings per share. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.97%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

Insider Buying and Selling

In related news, Director Richard D. Fain sold 19,600 shares of the 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 transaction, the director now owns 165,421 shares in the company, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises 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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