Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 35.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,490 shares of the company's stock after buying an additional 4,854 shares during the period. Worldquant Millennium Advisors LLC's holdings in Royal Caribbean Cruises were worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dorsey & Whitney Trust CO LLC increased its holdings in Royal Caribbean Cruises by 2.0% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 2,036 shares of the company's stock valued at $470,000 after purchasing an additional 39 shares during the last quarter. Ostrum Asset Management increased its holdings in Royal Caribbean Cruises by 0.3% in the 4th quarter. Ostrum Asset Management now owns 11,610 shares of the company's stock valued at $2,678,000 after purchasing an additional 40 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Royal Caribbean Cruises by 1.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,730 shares of the company's stock valued at $630,000 after purchasing an additional 42 shares during the last quarter. Hemington Wealth Management increased its holdings in Royal Caribbean Cruises by 9.0% in the 4th quarter. Hemington Wealth Management now owns 533 shares of the company's stock valued at $123,000 after purchasing an additional 44 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in Royal Caribbean Cruises by 3.6% in the 4th 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 last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the business's stock in a transaction on 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 sale, the director now directly owns 165,421 shares of the company's stock, valued at $41,868,055.10. The trade was a 10.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.95% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

RCL has been the subject of several research reports. Morgan Stanley lifted their target price 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. Northcoast Research started coverage on shares of Royal Caribbean Cruises in a research report on Friday, April 25th. They issued a "buy" rating and a $279.00 price target for the company. Wells Fargo & Company raised their price target on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Argus raised their price target on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group decreased 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. Four 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 company's stock. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of "Moderate Buy" and an average target price of $271.95.

Royal Caribbean Cruises Stock Up 0.8%

Shares of Royal Caribbean Cruises stock traded up $1.95 during trading on Friday, hitting $240.35. 1,200,639 shares of the stock were exchanged, compared to its average volume of 2,271,927. The stock has a market cap of $65.27 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 0.90 and a beta of 2.12. The firm's 50-day moving average price is $215.42 and its 200 day moving average price is $231.04. Royal Caribbean Cruises Ltd. has a 12-month low of $130.08 and a 12-month high of $277.08. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 earnings per share for the quarter, beating analysts' consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. The firm had revenue of $4 billion during the quarter, compared to analysts' expectations of $4.02 billion. During the same period in the previous year, the company earned $1.77 earnings per share. Royal Caribbean Cruises's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its shares are undervalued.

Royal Caribbean Cruises Announces Dividend

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 given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.25%. 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.