Dupont Capital Management Corp Buys Shares of 26,197 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Dupont Capital Management Corp bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,197 shares of the company’s stock, valued at approximately $5,382,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RCL. Brown Brothers Harriman & Co. grew its holdings in shares of Royal Caribbean Cruises by 618.8% during the fourth quarter. Brown Brothers Harriman & Co. now owns 115 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $35,000. Truvestments Capital LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $36,000. Capital A Wealth Management LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $40,000. Finally, Spurstone Advisory Services LLC bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth about $46,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $272.84 on Friday. Royal Caribbean Cruises Ltd. has a 52-week low of $130.08 and a 52-week high of $279.89. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18. The business’s 50 day moving average price is $239.38 and its two-hundred day moving average price is $234.77. The firm has a market cap of $74.09 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 0.80 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results 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. Royal Caribbean Cruises had a return on equity of 47.89% and a net margin of 19.38%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period in the previous year, the firm earned $1.77 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.10%. Royal Caribbean Cruises’s payout ratio is 24.92%.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,600 shares of the company’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 transaction of $4,960,760.00. Following the transaction, the director now directly owns 165,421 shares of the company’s stock, valued at $41,868,055.10. This represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.95% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. BNP Paribas assumed coverage on Royal Caribbean Cruises in a report on Thursday, March 27th. They set an “outperform” rating and a $262.00 price target on the stock. Melius Research upgraded Royal Caribbean Cruises to a “strong-buy” rating in a report on Monday, April 21st. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Finally, UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and an average target price of $276.90.

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.