Burney Co. purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,046 shares of the company's stock, valued at approximately $241,000.
Several other hedge funds have also recently bought and sold shares of RCL. D1 Capital Partners L.P. grew its holdings in Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company's stock worth $241,075,000 after acquiring an additional 777,103 shares during the period. International Assets Investment Management LLC lifted its position in Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company's stock valued at $72,696,000 after acquiring an additional 406,048 shares in the last quarter. Forest Avenue Capital Management LP acquired a new position in Royal Caribbean Cruises in the 2nd quarter worth $35,038,000. Teachers Retirement System of The State of Kentucky grew its stake in Royal Caribbean Cruises by 809.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company's stock valued at $27,601,000 after purchasing an additional 154,090 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Royal Caribbean Cruises by 138.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company's stock worth $28,703,000 after purchasing an additional 93,899 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the sale, the director now directly owns 18,167,507 shares of the company's stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 404,332 shares of company stock valued at $94,299,521 over the last ninety days. 7.95% of the stock is owned by insiders.
NYSE RCL opened at $241.79 on Friday. The company has a fifty day moving average price of $237.34 and a 200-day moving average price of $195.67. The firm has a market cap of $65.01 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 0.48 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $258.70. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business's quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.85 earnings per share. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.91%. Royal Caribbean Cruises's dividend payout ratio is currently 22.61%.
A number of brokerages recently weighed in on RCL. The Goldman Sachs Group boosted their target price on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. StockNews.com raised Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Morgan Stanley upped their target price on Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an "overweight" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $246.50.
Read Our Latest Stock Report on RCL
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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