ASB Consultores LLC Acquires Shares of 1,671 Royal Caribbean Cruises Ltd. (NYSE:RCL)

ASB Consultores LLC bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,671 shares of the company’s stock, valued at approximately $266,000.

Several other institutional investors have also recently made changes to their positions in RCL. Eagle Asset Management Inc. purchased a new stake in Royal Caribbean Cruises in the fourth quarter worth $79,392,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Royal Caribbean Cruises in the 1st quarter worth about $66,279,000. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 400,565 shares during the period. Junto Capital Management LP bought a new stake in Royal Caribbean Cruises during the fourth quarter worth about $47,950,000. Finally, Vanguard Group Inc. grew its holdings in Royal Caribbean Cruises by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock worth $3,273,144,000 after purchasing an additional 359,770 shares during the period. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

RCL stock opened at $173.99 on Friday. The company has a market cap 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. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $174.48. The stock’s fifty day moving average price is $160.46 and its 200-day moving average price is $149.22.

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

Royal Caribbean Cruises Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Laura H. Bethge sold 3,073 shares of the company’s 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 in the company, valued at approximately $4,620,629.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on RCL. Bank of America lifted their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Mizuho lifted their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Stifel Nicolaus increased their target price on Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Barclays increased 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 report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price 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.