U S Global Investors Inc. Decreases Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

U S Global Investors Inc. decreased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 24.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,855 shares of the company's stock after selling 1,900 shares during the period. U S Global Investors Inc.'s holdings in Royal Caribbean Cruises were worth $1,203,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its position 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 worth $27,000 after buying an additional 99 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $35,000. Truvestments Capital LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $36,000. Capital A Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $40,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of Royal Caribbean Cruises stock in a transaction on Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director now directly owns 165,421 shares in the company, valued at approximately $41,868,055.10. This trade represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. 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 report on Tuesday, May 6th. Melius Research raised Royal Caribbean Cruises to a "strong-buy" rating in a report on Monday, April 21st. Truist Financial increased their target price on Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Loop Capital reaffirmed a "buy" rating and set a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Finally, Northcoast Research initiated coverage on Royal Caribbean Cruises in a report on Friday, April 25th. They set a "buy" rating and a $279.00 target price on the stock. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $276.90.

Royal Caribbean Cruises Stock Up 5.0%

RCL opened at $310.69 on Friday. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $310.88. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15. The stock has a market cap of $84.37 billion, a P/E ratio of 25.80, a P/E/G ratio of 0.88 and a beta of 2.14. The stock's 50 day moving average price is $249.05 and its 200 day moving average price is $236.11.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $2.71 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 period last year, the firm earned $1.77 EPS. The firm's revenue was up 7.3% compared to the same quarter last year. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.97%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

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.

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