Verde Servicos Internacionais S.A. Acquires New Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Verde Servicos Internacionais S.A. acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,500 shares of the company's stock, valued at approximately $4,417,000. Royal Caribbean Cruises comprises about 2.5% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 15th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company's stock valued at $1,373,856,000 after purchasing an additional 353,893 shares during the last quarter. Dorsey Wright & Associates purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $4,221,000. Groupama Asset Managment purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $1,122,000. Brown Miller Wealth Management LLC purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at approximately $266,000. Finally, Vanguard Group Inc. raised its position in shares of Royal Caribbean Cruises by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company's stock valued at $6,476,003,000 after purchasing an additional 2,068,114 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $272.84 on Monday. The stock has a market capitalization of $74.09 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 0.81 and a beta of 2.14. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $279.89. The firm's 50 day simple moving average is $239.38 and its 200-day simple moving average is $234.55. 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 released its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $4.02 billion. During the same quarter last year, the company earned $1.77 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.10%. Royal Caribbean Cruises's dividend payout ratio is currently 24.92%.

Analysts Set New Price Targets

Several equities analysts recently commented on RCL shares. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $275.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Susquehanna reduced their price target on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a "positive" rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group reduced 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 research report on Wednesday, April 23rd. Citigroup raised their price target on shares of Royal Caribbean Cruises from $268.00 to $318.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Finally, Truist Financial raised their price target on shares of Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $276.90.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the firm'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 transaction, the director now 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 SEC, which is accessible through the SEC website. 6.95% of the stock is owned by corporate 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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