Curat Global LLC Purchases Shares of 1,335 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Curat Global LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,335 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds have also bought and sold shares of the stock. Capital International Investors grew its holdings in Royal Caribbean Cruises by 0.9% during the fourth quarter. Capital International Investors now owns 29,712,610 shares of the company’s stock valued at $6,854,905,000 after purchasing an additional 278,860 shares during the period. Vanguard Group Inc. grew its holdings in Royal Caribbean Cruises by 8.0% during the fourth quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company’s stock valued at $6,476,003,000 after purchasing an additional 2,068,114 shares during the period. Geode Capital Management LLC grew its holdings in Royal Caribbean Cruises by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company’s stock valued at $1,373,856,000 after purchasing an additional 353,893 shares during the period. Norges Bank bought a new position in shares of Royal Caribbean Cruises in the fourth quarter worth about $707,833,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Royal Caribbean Cruises by 24.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,258 shares of the company’s stock worth $612,080,000 after acquiring an additional 513,702 shares during the period. Institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RCL shares. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday. Loop Capital upped their price objective on Royal Caribbean Cruises from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday. Tigress Financial upped their price objective on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays upped their price objective on Royal Caribbean Cruises from $249.00 to $263.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group started coverage on Royal Caribbean Cruises in a research note on Monday, March 31st. They issued a “hold” rating and a $230.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $276.90.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $253.10, for a total value of $4,960,760.00. Following the completion of the sale, the director now directly owns 165,421 shares of the company’s stock, valued at $41,868,055.10. This trade represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $271.39 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $73.70 billion, a P/E ratio of 25.39, a P/E/G ratio of 0.90 and a beta of 2.14. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $277.08. The business’s 50-day moving average is $222.98 and its 200 day moving average is $232.76.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.18. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $1.77 EPS. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.11%. Royal Caribbean Cruises’s payout ratio is 24.92%.

Royal Caribbean Cruises announced that its board has initiated a stock repurchase plan on Wednesday, February 12th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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.