DekaBank Deutsche Girozentrale Buys 80,952 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

DekaBank Deutsche Girozentrale grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 163.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,601 shares of the company’s stock after purchasing an additional 80,952 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.05% of Royal Caribbean Cruises worth $20,860,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Blair William & Co. IL raised its stake in Royal Caribbean Cruises by 37.4% during the first 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 in the last quarter. Keystone Financial Group bought a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at about $209,000. Quadrant Capital Group LLC grew its position in Royal Caribbean Cruises by 19.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock worth $232,000 after acquiring an additional 285 shares in the last quarter. Franklin Resources Inc. increased its stake in Royal Caribbean Cruises by 12.0% during the fourth quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock worth $21,577,000 after acquiring an additional 17,815 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after purchasing an additional 5,655 shares during the last quarter. 87.53% of the stock is owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the business’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 transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laura H. Bethge sold 3,073 shares of the company’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 transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The disclosure for this sale can be found here. 7.95% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on RCL shares. JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Mizuho increased their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Truist Financial lifted their price target on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Barclays increased their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Argus boosted their target price on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $182.13.

Royal Caribbean Cruises Stock Up 1.4 %

Shares of Royal Caribbean Cruises stock opened at $167.96 on Monday. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The stock has a market cap of $43.22 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 0.46 and a beta of 2.61. The firm’s 50-day moving average is $159.74 and its two-hundred day moving average is $147.94. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $173.37.

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 firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. As a group, research 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 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 (DPR) is currently 20.62%.

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.