Mather Group LLC. Grows Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mather Group LLC. raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,736 shares of the company’s stock after buying an additional 209 shares during the period. Mather Group LLC.’s holdings in Royal Caribbean Cruises were worth $562,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RCL. Norges Bank acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at about $707,833,000. Vanguard Group Inc. grew its position in shares of Royal Caribbean Cruises by 8.0% during the 4th quarter. Vanguard Group Inc. now owns 28,072,316 shares of the company’s stock valued at $6,476,003,000 after acquiring an additional 2,068,114 shares during the period. GAMMA Investing LLC grew its position in shares of Royal Caribbean Cruises by 22,154.9% during the 1st quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company’s stock valued at $289,868,000 after acquiring an additional 1,404,622 shares during the period. Janus Henderson Group PLC grew its position in shares of Royal Caribbean Cruises by 3,544.4% during the 4th quarter. Janus Henderson Group PLC now owns 963,034 shares of the company’s stock valued at $222,166,000 after acquiring an additional 936,609 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew 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 valued at $612,080,000 after acquiring an additional 513,702 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RCL. BNP Paribas began coverage on Royal Caribbean Cruises in a report on Thursday, March 27th. They issued an “outperform” rating and a $262.00 price objective on the stock. Citigroup lifted their price objective on Royal Caribbean Cruises from $268.00 to $318.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. The Goldman Sachs Group lowered their price objective on Royal Caribbean Cruises from $305.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Loop Capital reiterated a “buy” rating and issued a $290.00 price objective (up from $250.00) on shares of Royal Caribbean Cruises in a report on Tuesday, June 3rd. Finally, Truist Financial lifted their price objective on Royal Caribbean Cruises from $272.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.40.

Royal Caribbean Cruises Stock Up 3.5%

RCL stock opened at $326.17 on Thursday. The firm has a market cap of $88.57 billion, a PE ratio of 27.09, a PEG ratio of 0.94 and a beta of 2.17. 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 firm’s 50 day moving average price is $256.19 and its 200-day moving average price is $237.62. Royal Caribbean Cruises Ltd. has a one year low of $130.08 and a one year high of $326.84.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, April 29th. The company reported $2.71 EPS for the quarter, beating the consensus estimate of $2.53 by $0.18. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.02 billion. Royal Caribbean Cruises had a net margin of 19.38% and a return on equity of 47.89%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.77 EPS. On average, equities research 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 declared 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 annualized dividend and a dividend yield of 0.92%. Royal Caribbean Cruises’s payout ratio is presently 24.92%.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the business’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 sale, the director owned 165,421 shares of the company’s stock, valued at $41,868,055.10. The trade was 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. Insiders own 6.95% of the company’s stock.

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.