Private Advisor Group LLC Purchases 831 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Private Advisor Group LLC lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,741 shares of the company’s stock after purchasing an additional 831 shares during the quarter. Private Advisor Group LLC’s holdings in Royal Caribbean Cruises were worth $2,207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RCL. Brighton Jones LLC boosted its holdings in shares of Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after purchasing an additional 143 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $302,000. Teacher Retirement System of Texas boosted its holdings in shares of Royal Caribbean Cruises by 39.8% in the 4th quarter. Teacher Retirement System of Texas now owns 2,288 shares of the company’s stock worth $528,000 after purchasing an additional 651 shares during the period. TIAA Trust National Association purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $272,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Royal Caribbean Cruises by 1.9% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,639 shares of the company’s stock worth $28,061,000 after purchasing an additional 2,240 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director directly owned 165,421 shares of the company’s stock, valued at $41,868,055.10. This represents a 10.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 6.95% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RCL. Loop Capital reiterated a “buy” rating and issued a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Wall Street Zen cut Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a report on Saturday, June 28th. Citigroup reiterated a “buy” rating and issued a $390.00 target price (up previously from $318.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 16th. BNP Paribas initiated coverage on Royal Caribbean Cruises in a report on Thursday, March 27th. They set an “outperform” rating and a $262.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $310.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $311.05.

Royal Caribbean Cruises Trading Down 0.9%

RCL opened at $349.55 on Friday. The firm has a market cap of $94.92 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.04 and a beta of 2.17. The company has a current ratio of 0.18, a quick ratio of 0.15 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 $355.91. The stock has a fifty day moving average price of $292.10 and a 200-day moving average price of $249.39.

Royal Caribbean Cruises (NYSE:RCL) 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. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.77 EPS. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.86%. Royal Caribbean Cruises’s payout ratio is 24.92%.

Royal Caribbean Cruises Company 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.