Vanguard Group Inc. Purchases 602,447 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Key Points

• Vanguard Group Inc. increased its stake in Royal Caribbean Cruises Ltd. by 2.1%, acquiring an additional 602,447 shares, bringing its total ownership to 28,674,763 shares valued at approximately $5.89 billion.
• Insider activity was noted as CAO Henry L. Pujol sold 5,207 shares, a 39.95% decrease in their position, while Director Richard D. Fain sold 19,600 shares, reducing their ownership by 10.59%.
• Recent earnings showed Royal Caribbean Cruises posting $4.38 EPS, exceeding estimates, with quarterly revenue up 10.4% year-over-year.

Vanguard Group Inc. lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,674,763 shares of the company's stock after acquiring an additional 602,447 shares during the quarter. Vanguard Group Inc. owned 10.56% of Royal Caribbean Cruises worth $5,890,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in RCL. Ostrum Asset Management increased its holdings 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 valued at $2,678,000 after acquiring an additional 40 shares in the last quarter. CWM LLC increased its holdings in shares of Royal Caribbean Cruises by 0.4% during the first quarter. CWM LLC now owns 12,816 shares of the company's stock valued at $2,633,000 after acquiring an additional 45 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Royal Caribbean Cruises by 3.4% during the first quarter. Proficio Capital Partners LLC now owns 1,352 shares of the company's stock valued at $278,000 after acquiring an additional 45 shares in the last quarter. Forum Financial Management LP increased its holdings in shares of Royal Caribbean Cruises by 1.5% during the first quarter. Forum Financial Management LP now owns 3,055 shares of the company's stock valued at $628,000 after acquiring an additional 46 shares in the last quarter. Finally, Accredited Investors Inc. increased its holdings in shares of Royal Caribbean Cruises by 2.1% during the first quarter. Accredited Investors Inc. now owns 2,229 shares of the company's stock valued at $458,000 after acquiring an additional 46 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 5,207 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the completion of the transaction, the chief accounting officer directly owned 7,826 shares of the company's stock, valued at $2,578,432.22. This represents a 39.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the director directly owned 165,421 shares of the company's stock, valued at approximately $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.95% of the company's stock.

Royal Caribbean Cruises Trading Up 0.8%

Shares of RCL stock opened at $313.72 on Thursday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.21. The company has a market cap of $85.21 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 0.87 and a beta of 2.22. The stock has a 50 day simple moving average of $306.51 and a 200-day simple moving average of $255.41. Royal Caribbean Cruises Ltd. has a 1-year low of $147.05 and a 1-year high of $355.91.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%. The business's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.21 EPS. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RCL has been the topic of a number of recent research reports. Truist Financial set a $337.00 target price on Royal Caribbean Cruises in a research report on Wednesday, July 30th. Loop Capital reiterated a "buy" rating and issued a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, June 3rd. Morgan Stanley upped their target price 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. Bank of America upped their target price on Royal Caribbean Cruises from $230.00 to $355.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen lowered Royal Caribbean Cruises from a "buy" rating to a "hold" rating in a research report on Saturday, June 28th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $321.10.

Royal Caribbean Cruises Company 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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