Vanguard Personalized Indexing Management LLC Purchases 2,526 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Vanguard Personalized Indexing Management LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,264 shares of the company’s stock after purchasing an additional 2,526 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Royal Caribbean Cruises were worth $4,500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blair William & Co. IL boosted its position in shares of Royal Caribbean Cruises by 37.4% during the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock worth $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 during the fourth quarter worth $209,000. Franklin Resources Inc. boosted its position 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 worth $21,577,000 after purchasing an additional 17,815 shares in the last quarter. QRG Capital Management Inc. boosted 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 purchasing an additional 5,655 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Royal Caribbean Cruises during the fourth quarter worth $765,000. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Up 0.1 %

Royal Caribbean Cruises stock opened at $168.55 on Thursday. The firm has a market capitalization of $43.38 billion, a PE ratio of 21.72, a P/E/G ratio of 0.47 and a beta of 2.61. The company’s 50-day moving average is $160.14 and its 200-day moving average is $148.72. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $173.40. 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 (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.45. The company had revenue of $4.10 billion for 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%. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 EPS. Sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Investors 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. Royal Caribbean Cruises’s payout ratio is 20.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RCL. Bank of America raised their price objective on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Morgan Stanley raised their price objective on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Susquehanna raised their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $182.31.

Insider Buying and Selling

In related news, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the acquisition, the chief financial officer now owns 48,256 shares of the company’s stock, 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 related news, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred 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 in the company, valued at approximately $6,755,840. The disclosure for this purchase can be found here. 7.95% of the stock is currently owned by insiders.

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.