Royal Caribbean Cruises Ltd. (NYSE:RCL) Position Increased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 35.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,592 shares of the company’s stock after purchasing an additional 679 shares during the period. Fidelis Capital Partners LLC’s holdings in Royal Caribbean Cruises were worth $382,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Blair William & Co. IL boosted its position in Royal Caribbean Cruises by 37.4% during the 1st quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after purchasing an additional 27,819 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Royal Caribbean Cruises by 12.0% during the fourth quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock valued at $21,577,000 after acquiring an additional 17,815 shares during the period. QRG Capital Management Inc. grew its position in shares of Royal Caribbean Cruises by 17.2% during the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after acquiring an additional 5,655 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $765,000. Finally, Cibc World Markets Corp lifted its position in Royal Caribbean Cruises by 40.9% in the 4th quarter. Cibc World Markets Corp now owns 59,677 shares of the company’s stock valued at $7,728,000 after purchasing an additional 17,316 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $175.96 on Tuesday. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $176.13. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The firm has a 50-day moving average of $160.63 and a two-hundred day moving average of $149.90. The company has a market capitalization of $45.28 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 0.49 and a beta of 2.61.

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

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders 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’s dividend payout ratio is presently 20.62%.

Insider Buying and Selling

In related news, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the transaction, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Naftali Holtz purchased 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $140.00 per share, with a total value of $749,000.00. Following 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. Insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday. UBS Group raised their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Susquehanna boosted their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Finally, Argus raised their price target on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.31.

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.