Revisor Wealth Management LLC Buys New Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Revisor Wealth Management LLC bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,425 shares of the company’s stock, valued at approximately $1,525,000.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Royal Caribbean Cruises by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 5,969,532 shares of the company’s stock valued at $1,373,856,000 after acquiring an additional 353,893 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in Royal Caribbean Cruises in the fourth quarter worth $4,221,000. Groupama Asset Managment acquired a new stake in Royal Caribbean Cruises in the fourth quarter worth $1,122,000. Brown Miller Wealth Management LLC bought a new stake in Royal Caribbean Cruises in the first quarter valued at $266,000. Finally, Western Financial Corp CA raised its holdings in shares of Royal Caribbean Cruises by 25.0% during the first quarter. Western Financial Corp CA now owns 8,615 shares of the company’s stock valued at $1,770,000 after purchasing an additional 1,725 shares during the period. 87.53% of the stock is currently owned by institutional investors.

Insider Activity

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $253.10, for a total transaction of $4,960,760.00. Following the transaction, the director owned 165,421 shares in the company, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RCL. Macquarie reduced their price objective on Royal Caribbean Cruises from $300.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. The Goldman Sachs Group reduced their price target on shares of Royal Caribbean Cruises from $305.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Northcoast Research started coverage on shares of Royal Caribbean Cruises in a report on Friday, April 25th. They set a “buy” rating and a $279.00 price objective on the stock. Melius Research upgraded shares of Royal Caribbean Cruises to a “strong-buy” rating in a report on Monday, April 21st. Finally, Jefferies Financial Group started coverage on shares of Royal Caribbean Cruises in a research report on Monday, March 31st. They set a “hold” rating and a $230.00 target price for the company. Four analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $280.40.

Royal Caribbean Cruises Stock Performance

Royal Caribbean Cruises stock opened at $326.17 on Thursday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $130.08 and a fifty-two week high of $327.54. The company has a market capitalization of $88.57 billion, a PE ratio of 27.09, a P/E/G ratio of 0.94 and a beta of 2.17. The company has a 50 day moving average price of $256.19 and a 200-day moving average price of $237.62. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.15 and a current ratio of 0.18.

Royal Caribbean Cruises (NYSE:RCL) last issued 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. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the company posted $1.77 earnings per share. Royal Caribbean Cruises’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.92%. Royal Caribbean Cruises’s payout ratio is 24.92%.

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.