Annex Advisory Services LLC Has $209,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Annex Advisory Services LLC grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,018 shares of the company’s stock after purchasing an additional 77 shares during the period. Annex Advisory Services LLC’s holdings in Royal Caribbean Cruises were worth $209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RCL. Norges Bank purchased a new stake in Royal Caribbean Cruises in the 4th quarter worth about $707,833,000. Vanguard Group Inc. increased its holdings in shares of 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 purchasing an additional 2,068,114 shares during the period. GAMMA Investing LLC lifted its position in shares of Royal Caribbean Cruises by 22,154.9% in the first quarter. GAMMA Investing LLC now owns 1,410,962 shares of the company’s stock worth $289,868,000 after purchasing an additional 1,404,622 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Royal Caribbean Cruises by 3,544.4% in the fourth quarter. Janus Henderson Group PLC now owns 963,034 shares of the company’s stock worth $222,166,000 after purchasing an additional 936,609 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Royal Caribbean Cruises by 24.0% during the fourth 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 period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

RCL has been the subject of a number of research analyst reports. Loop Capital reiterated a “buy” rating and issued a $290.00 target price (up previously from $250.00) on shares of Royal Caribbean Cruises in a research report on Tuesday. Susquehanna dropped their price target on shares of Royal Caribbean Cruises from $295.00 to $275.00 and set a “positive” rating on the stock in a research note on Wednesday, April 30th. 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 report on Friday, May 9th. Morgan Stanley boosted their target price on Royal Caribbean Cruises from $220.00 to $230.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group dropped their target price on Royal Caribbean Cruises from $305.00 to $245.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $276.90.

Insider Activity at Royal Caribbean Cruises

In related news, Director Richard D. Fain sold 19,600 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 165,421 shares in the company, valued at approximately $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 SEC, which is available through this hyperlink. Corporate insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.9%

Royal Caribbean Cruises stock opened at $276.54 on Friday. 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 fifty-two week low of $130.08 and a fifty-two week high of $277.08. The firm has a fifty day moving average price of $224.35 and a two-hundred day moving average price of $233.05. The firm has a market cap of $75.10 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 0.90 and a beta of 2.14.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data 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 business 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 company posted $1.77 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 14.9 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors 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 yield of 1.08%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 24.92%.

Royal Caribbean Cruises declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 12th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

About Royal Caribbean Cruises

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.