Western Financial Corp CA Grows Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Western Financial Corp CA raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 25.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,615 shares of the company's stock after acquiring an additional 1,725 shares during the quarter. Royal Caribbean Cruises makes up 1.0% of Western Financial Corp CA's portfolio, making the stock its 24th biggest holding. Western Financial Corp CA's holdings in Royal Caribbean Cruises were worth $1,770,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dorsey & Whitney Trust CO LLC boosted its position in Royal Caribbean Cruises by 2.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company's stock worth $470,000 after acquiring an additional 39 shares during the last quarter. Ostrum Asset Management lifted its stake in shares of Royal Caribbean Cruises by 0.3% during the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock worth $2,678,000 after purchasing an additional 40 shares during the period. Farther Finance Advisors LLC boosted its holdings 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 during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Royal Caribbean Cruises by 3.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,358 shares of the company's stock valued at $313,000 after purchasing an additional 47 shares during the period. Finally, UMB Bank n.a. increased its stake in Royal Caribbean Cruises by 2.5% in the first quarter. UMB Bank n.a. now owns 2,131 shares of the company's stock valued at $438,000 after purchasing an additional 52 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RCL shares. Stifel Nicolaus raised their price target on Royal Caribbean Cruises from $275.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Truist Financial raised their target price 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. Northcoast Research initiated coverage on shares of Royal Caribbean Cruises in a report on Friday, April 25th. They issued a "buy" rating and a $279.00 target price for the company. Susquehanna dropped 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. Finally, Morgan Stanley lifted their price target on shares of Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $276.90.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the completion of the transaction, the director now directly owns 165,421 shares of the company's stock, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 6.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Up 4.0%

Shares of NYSE RCL traded up $11.47 on Thursday, hitting $295.81. The company had a trading volume of 3,837,919 shares, compared to its average volume of 2,299,958. 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 Ltd. has a 12-month low of $130.08 and a 12-month high of $296.65. The firm has a market capitalization of $80.33 billion, a P/E ratio of 24.57, a PEG ratio of 0.83 and a beta of 2.14. The business has a 50 day moving average of $244.62 and a two-hundred day moving average of $235.33.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, topping 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 analyst estimates of $4.02 billion. During the same period in the previous year, the company posted $1.77 EPS. Royal Caribbean Cruises'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 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.01%. Royal Caribbean Cruises's payout ratio is 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.