Meeder Asset Management Inc. Has $37,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Meeder Asset Management Inc. raised its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 50.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233 shares of the company’s stock after acquiring an additional 78 shares during the quarter. Meeder Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $37,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $323,251,000. Eagle Asset Management Inc. purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter valued at $79,392,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Royal Caribbean Cruises in the first quarter worth $66,279,000. Junto Capital Management LP purchased a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $47,950,000. Finally, Vanguard Group Inc. boosted its position in Royal Caribbean Cruises by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock valued at $3,273,144,000 after purchasing an additional 359,770 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.4 %

RCL stock opened at $167.96 on Monday. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $173.37. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The company has a market cap of $43.22 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 0.46 and a beta of 2.61. The business’s 50-day simple moving average is $159.74 and its 200 day simple moving average is $147.94.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The business had revenue of $4.10 billion for 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%. Royal Caribbean Cruises’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 earnings per share. On average, research analysts anticipate 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 announced 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 payout ratio is currently 20.62%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, 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 transaction, the director now 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 available through the SEC website. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were 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 owns 27,388 shares in the company, valued at approximately $4,620,629.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group raised their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Susquehanna boosted their target price 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. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Mizuho upped their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average price target of $182.13.

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.