Simon Quick Advisors LLC Has $470,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Simon Quick Advisors LLC increased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 24.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,287 shares of the company’s stock after purchasing an additional 442 shares during the quarter. Simon Quick Advisors LLC’s holdings in Royal Caribbean Cruises were worth $470,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors grew its position in shares of Royal Caribbean Cruises by 0.9% during the 4th quarter. Capital International Investors now owns 29,712,610 shares of the company’s stock worth $6,854,905,000 after buying an additional 278,860 shares during the period. Vanguard Group Inc. raised its position in Royal Caribbean Cruises by 8.0% in the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company’s stock valued at $6,476,003,000 after buying an additional 2,068,114 shares during the last quarter. Geode Capital Management LLC raised its position in 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 buying an additional 353,893 shares during the last quarter. Norges Bank acquired a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $707,833,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Royal Caribbean Cruises by 24.0% during the 4th 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 purchasing an additional 513,702 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $257.77 on Friday. The business’s fifty day moving average price is $232.33 and its 200-day moving average price is $233.97. The stock has a market capitalization of $70.00 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 0.90 and a beta of 2.14. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 1-year low of $130.08 and a 1-year high of $279.89.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.18. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period last year, the firm earned $1.77 EPS. Royal Caribbean Cruises’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts predict 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. Shareholders of record on Wednesday, June 4th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.16%. Royal Caribbean Cruises’s payout ratio is presently 24.92%.

Insider Activity

In other news, Director Richard D. Fain sold 19,600 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 165,421 shares in the company, valued at $41,868,055.10. This trade represents a 10.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley boosted their target price 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. Loop Capital restated a “buy” rating and issued a $290.00 price target (up from $250.00) on shares of Royal Caribbean Cruises in a research note on Tuesday, June 3rd. BNP Paribas started coverage on Royal Caribbean Cruises in a research report on Thursday, March 27th. They set an “outperform” rating and a $262.00 target price for the company. 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 report on Wednesday, June 4th. Finally, Susquehanna dropped their target price on Royal Caribbean Cruises from $295.00 to $275.00 and set a “positive” rating for the company in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.