Dorsey & Whitney Trust CO LLC Takes $266,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Dorsey & Whitney Trust CO LLC bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,056 shares of the company’s stock, valued at approximately $266,000.

A number of other hedge funds have also recently modified their holdings of RCL. Norges Bank bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $323,251,000. Vanguard Group Inc. grew its stake in shares of Royal Caribbean Cruises by 2.0% during the third quarter. Vanguard Group Inc. now owns 24,917,423 shares of the company’s stock valued at $2,295,891,000 after buying an additional 487,327 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of Royal Caribbean Cruises by 476.1% during the third quarter. Jupiter Asset Management Ltd. now owns 470,816 shares of the company’s stock valued at $43,381,000 after buying an additional 389,095 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Royal Caribbean Cruises by 1,188.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 242,113 shares of the company’s stock valued at $31,351,000 after buying an additional 223,323 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $25,487,000. Institutional investors own 87.53% of the company’s stock.

Insider Activity

In other news, CEO Michael W. Bayley sold 24,201 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the sale, the chief executive officer now owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael W. Bayley sold 24,201 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $140.21, for a total transaction of $3,393,222.21. Following the completion of the sale, the chief executive officer now directly owns 98,850 shares of the company’s stock, valued at $13,859,758.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,300 shares of company stock valued at $19,037,832. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Trading Up 0.1 %

RCL opened at $147.68 on Monday. The firm has a market capitalization of $38.01 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 0.45 and a beta of 2.56. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The company’s 50 day simple moving average is $139.18 and its two-hundred day simple moving average is $127.62. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $150.90.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.23) EPS. Analysts expect that Royal Caribbean Cruises Ltd. will post 11.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on RCL shares. Truist Financial increased their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Barclays increased their price objective on Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Mizuho increased their price objective on Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Finally, UBS Group increased their price objective on Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $151.81.

Get Our Latest Stock Report on Royal Caribbean Cruises

Royal Caribbean Cruises Profile

(Free Report)

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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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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