Quadrant Private Wealth Management LLC lifted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 34.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 16,178 shares of the company’s stock after purchasing an additional 4,125 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $4,470,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Royal Caribbean Cruises by 12.2% in the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after acquiring an additional 143 shares in the last quarter. Woodline Partners LP lifted its position in shares of Royal Caribbean Cruises by 40.8% during the 1st quarter. Woodline Partners LP now owns 20,918 shares of the company’s stock valued at $4,297,000 after acquiring an additional 6,063 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Royal Caribbean Cruises during the 2nd quarter worth $1,762,000. Baird Financial Group Inc. grew its holdings in shares of Royal Caribbean Cruises by 5.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,772 shares of the company’s stock worth $1,494,000 after purchasing an additional 243 shares in the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of Royal Caribbean Cruises in the second quarter worth $357,000. Institutional investors and hedge funds own 87.53% of the company’s stock.
Royal Caribbean Cruises Trading Down 2.4%
NYSE RCL opened at $286.96 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.20 and a debt-to-equity ratio of 1.96. Royal Caribbean Cruises Ltd. has a twelve month low of $232.10 and a twelve month high of $366.50. The company has a market cap of $76.96 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The business’s fifty day moving average is $286.90 and its 200 day moving average is $288.90.
Royal Caribbean Cruises Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 3rd were issued a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, June 3rd. Royal Caribbean Cruises’s payout ratio is 36.61%.
Analyst Upgrades and Downgrades
RCL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $296.00 price target on Royal Caribbean Cruises in a research note on Friday, May 1st. Freedom Capital raised shares of Royal Caribbean Cruises to a “strong-buy” rating in a report on Wednesday, June 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research report on Thursday, June 18th. Mizuho set a $380.00 price target on shares of Royal Caribbean Cruises in a report on Friday, May 1st. Finally, Truist Financial cut their price target on shares of Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating for the company in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $346.80.
View Our Latest Stock Analysis on RCL
Royal Caribbean Cruises Company Profile
Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.
Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.
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