Royal Caribbean Cruises Ltd. $RCL Stake Boosted by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 164.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,988 shares of the company’s stock after purchasing an additional 16,151 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Royal Caribbean Cruises were worth $8,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. 1 North Wealth Services LLC acquired a new stake in Royal Caribbean Cruises in the second quarter worth $31,000. Evolution Wealth Management Inc. bought a new position in shares of Royal Caribbean Cruises during the second quarter worth about $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth about $32,000. Financial Gravity Companies Inc. bought a new stake in Royal Caribbean Cruises in the 2nd quarter valued at about $38,000. Finally, Frazier Financial Advisors LLC boosted its stake in Royal Caribbean Cruises by 27.1% during the 2nd quarter. Frazier Financial Advisors LLC now owns 136 shares of the company’s stock valued at $43,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of several analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $380.00 price target on shares of Royal Caribbean Cruises in a research note on Friday. The Goldman Sachs Group increased their price objective on Royal Caribbean Cruises from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Friday. Barclays lifted their target price on Royal Caribbean Cruises from $324.00 to $361.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial reduced their price target on Royal Caribbean Cruises from $321.00 to $318.00 and set a “hold” rating for the company in a research report on Thursday, January 22nd. Finally, Citigroup increased their price target on Royal Caribbean Cruises from $332.00 to $398.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $343.05.

Check Out Our Latest Report on Royal Caribbean Cruises

Royal Caribbean Cruises News Roundup

Here are the key news stories impacting Royal Caribbean Cruises this week:

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $334.21 on Tuesday. Royal Caribbean Cruises Ltd. has a 1 year low of $164.01 and a 1 year high of $366.50. The firm has a market cap of $91.14 billion, a P/E ratio of 21.41, a PEG ratio of 0.90 and a beta of 1.94. The stock has a fifty day moving average price of $284.08 and a two-hundred day moving average price of $303.71. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.16 and a current ratio of 0.18.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The company reported $2.80 earnings per share for the quarter, meeting the consensus estimate of $2.80. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.28 billion. Royal Caribbean Cruises had a return on equity of 45.06% and a net margin of 23.80%.The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, December 26th. Royal Caribbean Cruises’s payout ratio is presently 25.62%.

Royal Caribbean Cruises declared that its board has initiated a stock buyback plan on Wednesday, December 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Royal Caribbean Cruises Company Profile

(Free Report)

Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.

Further Reading

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

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