Ensign Peak Advisors Inc Has $61.15 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Ensign Peak Advisors Inc trimmed its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 383,578 shares of the company’s stock after selling 5,600 shares during the period. Ensign Peak Advisors Inc owned 0.15% of Royal Caribbean Cruises worth $61,154,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RCL. Blair William & Co. IL increased its holdings in shares of Royal Caribbean Cruises by 37.4% during the 1st 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 during the period. Franklin Resources Inc. lifted its position in shares of Royal Caribbean Cruises by 12.0% in the 4th 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 period. QRG Capital Management Inc. raised its stake in shares of Royal Caribbean Cruises by 17.2% in the second 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 in the last quarter. Virtu Financial LLC bought a new position in Royal Caribbean Cruises in the fourth quarter worth $765,000. Finally, Cibc World Markets Corp lifted its position in Royal Caribbean Cruises by 40.9% in the fourth quarter. Cibc World Markets Corp now owns 59,677 shares of the company’s stock worth $7,728,000 after purchasing an additional 17,316 shares during the period. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.7 %

Shares of RCL opened at $174.05 on Friday. The business’s fifty day moving average price is $160.46 and its two-hundred day moving average price is $149.38. The firm has a market capitalization of $44.79 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 0.49 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 52 week low of $78.35 and a 52 week high of $174.48. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 earnings per share. On average, analysts predict 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 declared 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 is Friday, September 20th.

Wall Street Analyst Weigh In

RCL has been the subject of a number of analyst reports. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Bank of America raised their target price on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Mizuho upped their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Susquehanna lifted their price objective on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.31.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was bought at an average price 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 shares were 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 owns 25,837 shares in the company, valued at $4,095,164.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Naftali Holtz bought 5,350 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $6,755,840. The disclosure for this purchase can be found here. 7.95% of the stock is currently owned by company insiders.

About Royal Caribbean Cruises

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.