DoubleLine ETF Adviser LP Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

DoubleLine ETF Adviser LP purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,232 shares of the company’s stock, valued at approximately $994,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Capital International Investors increased its position in shares of Royal Caribbean Cruises by 1.0% in the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after acquiring an additional 286,868 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Royal Caribbean Cruises by 0.5% during the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock worth $3,532,143,000 after purchasing an additional 132,079 shares during the period. Dimensional Fund Advisors LP grew its position in Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after purchasing an additional 400,565 shares in the last quarter. D1 Capital Partners L.P. increased its stake in Royal Caribbean Cruises by 105.7% in the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after buying an additional 777,103 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in Royal Caribbean Cruises in the 4th quarter worth approximately $79,392,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL opened at $177.41 on Thursday. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $179.75. The firm has a market capitalization of $45.66 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 0.50 and a beta of 2.61. The stock’s 50 day moving average price is $160.78 and its two-hundred day moving average price is $150.27. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. Royal Caribbean Cruises’s revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RCL shares. JPMorgan Chase & Co. boosted their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Mizuho boosted their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their price target on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. UBS Group boosted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $182.31.

About Royal Caribbean Cruises

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.