Achmea Investment Management B.V. Acquires 544 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Achmea Investment Management B.V. grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,642 shares of the company’s stock after buying an additional 544 shares during the period. Achmea Investment Management B.V.’s holdings in Royal Caribbean Cruises were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises in the 4th quarter valued at $26,000. Unique Wealth Strategies LLC purchased a new position in shares of Royal Caribbean Cruises during the second quarter valued at about $27,000. Creekmur Asset Management LLC bought a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $30,000. Versant Capital Management Inc lifted its position in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $167.96 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $173.37. The company has a market capitalization of $43.22 billion, a PE ratio of 21.64, a P/E/G ratio of 0.46 and a beta of 2.61. The company has a 50 day moving average price of $159.74 and a 200-day moving average price of $147.76. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19.

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

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.62%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RCL shares. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Truist Financial lifted their price objective on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Citigroup upped their target price on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. UBS Group lifted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, Macquarie upped their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.13.

Insider Transactions at Royal Caribbean Cruises

In related news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Naftali Holtz purchased 5,350 shares of Royal Caribbean Cruises stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises 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.