Vanguard Group Inc. raised its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,277,193 shares of the company's stock after acquiring an additional 359,770 shares during the quarter. Vanguard Group Inc. owned approximately 9.85% of Royal Caribbean Cruises worth $3,273,144,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. West Branch Capital LLC raised its position in shares of Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company's stock valued at $39,000 after purchasing an additional 100 shares during the period. Toth Financial Advisory Corp raised its position in shares of Royal Caribbean Cruises by 24.6% in the fourth quarter. Toth Financial Advisory Corp now owns 506 shares of the company's stock valued at $66,000 after purchasing an additional 100 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Royal Caribbean Cruises by 14.3% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the company's stock valued at $119,000 after purchasing an additional 115 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of Royal Caribbean Cruises by 2.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company's stock valued at $584,000 after purchasing an additional 128 shares during the period. Finally, Lindbrook Capital LLC raised its position in shares of Royal Caribbean Cruises by 5.8% in the fourth quarter. Lindbrook Capital LLC now owns 2,426 shares of the company's stock valued at $314,000 after purchasing an additional 133 shares during the period. Institutional investors own 87.53% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on RCL. Bank of America upped their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a "neutral" rating in a report on Thursday, May 2nd. Barclays upped their target price on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an "overweight" rating in a report on Friday, April 26th. Mizuho upped their target price on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Macquarie upped their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, March 15th. Finally, Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an "overweight" rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $155.07.
View Our Latest Stock Report on RCL
Royal Caribbean Cruises Trading Up 0.4 %
Shares of Royal Caribbean Cruises stock traded up $0.62 during trading on Monday, reaching $149.12. The company's stock had a trading volume of 2,303,844 shares, compared to its average volume of 2,589,585. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $157.58. The company has a market cap of $38.38 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.45 and a beta of 2.56. The firm's 50-day moving average is $142.44 and its two-hundred day moving average is $131.06. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54.
Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter in the prior year, the company earned ($0.23) EPS. The firm's revenue was up 29.2% on a year-over-year basis. On average, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.09 earnings per share for the current year.
Insider Buying and Selling at Royal Caribbean Cruises
In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now owns 16,687 shares of the company's stock, valued at approximately $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now owns 16,687 shares of the company's stock, valued at approximately $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael W. Bayley sold 24,201 shares of the 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 sale, the chief executive officer now directly owns 98,850 shares of the company's stock, valued at approximately $13,859,758.50. The disclosure for this sale can be found here. Insiders sold 152,884 shares of company stock valued at $22,052,985 in the last quarter. Company insiders own 7.95% of the company's stock.
About Royal Caribbean Cruises
(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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