Blair William & Co. IL Boosts Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Blair William & Co. IL raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,282 shares of the company’s stock after buying an additional 5,149 shares during the period. Blair William & Co. IL’s holdings in Royal Caribbean Cruises were worth $17,104,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 9.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 28,264 shares of the company’s stock worth $4,500,000 after purchasing an additional 2,526 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Royal Caribbean Cruises by 15.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 40,940 shares of the company’s stock worth $6,502,000 after purchasing an additional 5,539 shares during the period. Pitti Group Wealth Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 7.6% during the second quarter. Pitti Group Wealth Management LLC now owns 3,396 shares of the company’s stock worth $541,000 after purchasing an additional 241 shares during the period. Monetta Financial Services Inc. purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $957,000. Finally, Virtu Financial LLC purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth about $999,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on RCL. Barclays increased their price target on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Argus increased their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Citigroup increased their price target on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Finally, Mizuho increased their price target on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.31.

Insider Buying and Selling

In related news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $171.61 on Friday. The company has a market capitalization of $44.16 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 0.47 and a beta of 2.61. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The firm has a 50 day moving average of $160.31 and a 200 day moving average of $148.88. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $173.40.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.45. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 earnings per share. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared 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 currently 20.62%.

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.