Bokf Na Grows Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Bokf Na lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,802 shares of the company’s stock after purchasing an additional 135 shares during the quarter. Bokf Na’s holdings in Royal Caribbean Cruises were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of RCL. K2 Principal Fund L.P. boosted its holdings in Royal Caribbean Cruises by 89.3% during the 1st quarter. K2 Principal Fund L.P. now owns 7,570 shares of the company’s stock valued at $1,052,000 after acquiring an additional 3,570 shares during the period. Capital International Sarl boosted its holdings in Royal Caribbean Cruises by 0.6% during the 1st quarter. Capital International Sarl now owns 194,794 shares of the company’s stock valued at $27,078,000 after acquiring an additional 1,114 shares during the period. Capital International Inc. CA raised its position in Royal Caribbean Cruises by 3.3% in the 1st 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. Capital International Investors raised its position in Royal Caribbean Cruises by 1.0% in the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after purchasing an additional 286,868 shares in the last quarter. Finally, Capital Group Private Client Services Inc. raised its position in Royal Caribbean Cruises by 10.0% in the 1st quarter. Capital Group Private Client Services Inc. now owns 528,224 shares of the company’s stock valued at $73,428,000 after purchasing an additional 47,853 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the transaction, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Richard D. Fain sold 19,584 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the transaction, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael W. Bayley sold 49,155 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $147.67, for a total value of $7,258,718.85. Following the completion of the transaction, the chief executive officer now owns 49,695 shares of the company’s stock, valued at $7,338,460.65. The disclosure for this sale can be found here. Insiders sold a total of 102,884 shares of company stock valued at $15,071,485 over the last three months. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded up $0.97 during trading on Monday, reaching $154.53. The company’s stock had a trading volume of 440,222 shares, compared to its average volume of 2,507,562. 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 Ltd. has a 12-month low of $78.35 and a 12-month high of $173.37. The company has a market capitalization of $39.77 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 0.44 and a beta of 2.62. The business has a 50 day moving average price of $156.33 and a 200-day moving average price of $139.05.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the business earned $1.82 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared 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 dividend payout ratio (DPR) is 20.62%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RCL. UBS Group increased their price target on Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Barclays raised their target price on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday. Mizuho raised their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus raised their target price on Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Susquehanna raised their target price on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.25.

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.