Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Boosted by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,046 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Summit Trail Advisors LLC’s holdings in Royal Caribbean Cruises were worth $326,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Susquehanna raised their target price on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday. Tigress Financial increased their price target on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group boosted their price objective on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Bank of America raised their target price on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.31.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $175.96 on Tuesday. The company’s fifty day moving average is $160.63 and its two-hundred day moving average is $149.90. The company has a market cap of $45.28 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 0.49 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $176.13. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data 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 firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business earned $1.82 EPS. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities 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. Investors of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is presently 20.62%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CFO Naftali Holtz acquired 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost 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 in the company, valued at $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Vagn O. Sorensen sold 5,800 shares of the business’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 value of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Naftali Holtz acquired 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the transaction, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Company 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.