Royal Caribbean Cruises Ltd. (NYSE:RCL) Stake Boosted by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 99.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,639 shares of the company’s stock after buying an additional 1,313 shares during the quarter. Benjamin Edwards Inc.’s holdings in Royal Caribbean Cruises were worth $421,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of RCL. Capital International Investors raised its holdings in shares of Royal Caribbean Cruises by 1.0% during the first quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after acquiring an additional 286,868 shares during the period. Vanguard Group Inc. raised its stake in Royal Caribbean Cruises by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after purchasing an additional 132,079 shares during the period. Dimensional Fund Advisors LP raised its stake in Royal Caribbean Cruises by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after purchasing an additional 400,565 shares during the period. Eagle Asset Management Inc. purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at $79,392,000. Finally, Capital International Inc. CA boosted its position in shares of Royal Caribbean Cruises by 3.3% in the first quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock worth $83,672,000 after buying an additional 19,065 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RCL. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Susquehanna increased their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Macquarie boosted their price objective on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Barclays upped their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Tigress Financial lifted their target price on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $182.31.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction 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 directly owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Up 1.4 %

Shares of RCL stock opened at $173.99 on Friday. The firm has a market capitalization of $44.78 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 0.49 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $174.48. The firm’s fifty day simple moving average is $160.46 and its 200 day simple moving average is $149.22. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20.

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

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th.

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.