Teacher Retirement System of Texas Boosts Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Teacher Retirement System of Texas boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2,050.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,195 shares of the company's stock after purchasing an additional 46,907 shares during the quarter. Teacher Retirement System of Texas' holdings in Royal Caribbean Cruises were worth $10,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Revisor Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at about $1,525,000. Compound Global Advisors LLC grew its position in shares of Royal Caribbean Cruises by 51.6% in the 1st quarter. Compound Global Advisors LLC now owns 1,516 shares of the company's stock worth $288,000 after buying an additional 516 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Royal Caribbean Cruises by 2.8% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,170 shares of the company's stock worth $446,000 after buying an additional 59 shares during the last quarter. FSM Wealth Advisors LLC grew its position in shares of Royal Caribbean Cruises by 6.4% in the 1st quarter. FSM Wealth Advisors LLC now owns 1,508 shares of the company's stock worth $310,000 after buying an additional 91 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in shares of Royal Caribbean Cruises during the first quarter valued at approximately $204,000. Institutional investors own 87.53% of the company's stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction on Monday, May 19th. The stock was 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 owned 165,421 shares in the company, valued at $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Up 2.5%

Shares of RCL stock traded up $8.00 during mid-day trading on Friday, hitting $334.10. The company's stock had a trading volume of 1,440,459 shares, compared to its average volume of 2,358,346. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $334.48. The business has a 50-day moving average price of $261.08 and a 200 day moving average price of $238.95. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. The stock has a market cap of $90.73 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 0.99 and a beta of 2.17.

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

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.90%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. The Goldman Sachs Group dropped their price target on Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley lifted their price target on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Jefferies Financial Group assumed coverage on Royal Caribbean Cruises in a research report on Monday, March 31st. They set a "hold" rating and a $230.00 price target on the stock. Finally, Truist Financial lifted their price target on Royal Caribbean Cruises from $272.00 to $275.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises has an average rating of "Moderate Buy" and a consensus target price of $280.40.

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.