Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,935 shares of the company's stock after buying an additional 24,423 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Royal Caribbean Cruises worth $30,803,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of RCL. Y Intercept Hong Kong Ltd purchased a new stake in Royal Caribbean Cruises during the 1st quarter worth about $2,413,000. PFG Advisors acquired a new position in shares of Royal Caribbean Cruises during the first quarter worth about $202,000. Tabor Asset Management LP purchased a new stake in shares of Royal Caribbean Cruises during the first quarter worth approximately $2,093,000. HighPoint Advisor Group LLC increased its stake in shares of Royal Caribbean Cruises by 0.7% during the first quarter. HighPoint Advisor Group LLC now owns 16,901 shares of the company's stock worth $3,660,000 after buying an additional 120 shares during the period. Finally, OneAscent Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the first quarter valued at approximately $216,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup reiterated a "buy" rating and set a $390.00 price target (up previously from $318.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 16th. The Goldman Sachs Group lowered their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Loop Capital restated a "buy" rating and issued a $290.00 price target (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. Morgan Stanley raised 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. Finally, TD Cowen started coverage on Royal Caribbean Cruises in a research note on Tuesday. They issued a "buy" rating and a $405.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $311.05.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Performance

Shares of RCL traded up $3.17 during midday trading on Friday, reaching $352.53. 1,652,227 shares of the stock were exchanged, compared to its average volume of 2,556,794. The company has a market capitalization of $95.73 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.04 and a beta of 2.17. Royal Caribbean Cruises Ltd. has a twelve month low of $130.08 and a twelve month high of $355.91. The business's 50-day moving average price is $292.10 and its 200 day moving average price is $249.39. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.18 and a quick ratio of 0.15.

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. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.77 EPS. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.85%. Royal Caribbean Cruises's dividend payout ratio (DPR) is presently 24.92%.

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.