Trek Financial LLC Acquires New Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Trek Financial LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,769 shares of the company's stock, valued at approximately $363,000.

Other hedge funds also recently bought and sold shares of the company. Ostrum Asset Management grew its position in shares of Royal Caribbean Cruises by 0.3% during the fourth quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock worth $2,678,000 after purchasing an additional 40 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Royal Caribbean Cruises by 1.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company's stock worth $630,000 after purchasing an additional 42 shares in the last quarter. UMB Bank n.a. grew its position in shares of Royal Caribbean Cruises by 2.5% during the first quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock worth $438,000 after purchasing an additional 52 shares in the last quarter. Legacy Advisors LLC grew its position in shares of Royal Caribbean Cruises by 5.4% during the first quarter. Legacy Advisors LLC now owns 1,027 shares of the company's stock worth $212,000 after purchasing an additional 53 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in shares of Royal Caribbean Cruises by 1.1% during the first quarter. OneDigital Investment Advisors LLC now owns 5,015 shares of the company's stock worth $1,030,000 after purchasing an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on RCL shares. UBS Group set a $311.00 price target on Royal Caribbean Cruises and gave the company a "buy" rating in a research note on Tuesday, May 20th. Macquarie dropped their price target on Royal Caribbean Cruises from $300.00 to $265.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Morgan Stanley increased their price target on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Truist Financial increased their price target on Royal Caribbean Cruises from $272.00 to $275.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, 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. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $293.90.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock opened at $332.62 on Thursday. The stock has a market capitalization of $90.33 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 0.98 and a beta of 2.17. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $336.63. The stock's 50-day moving average price is $267.95 and its 200 day moving average price is $240.91. The company has a quick ratio of 0.15, a current ratio of 0.18 and a debt-to-equity ratio of 2.21.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $4.02 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current 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 paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.90%. Royal Caribbean Cruises's dividend payout ratio (DPR) is 24.92%.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction that occurred 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 sale, the director owned 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.95% of the stock is owned by company insiders.

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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