Sageworth Trust Co bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,768 shares of the company’s stock, valued at approximately $762,000.
A number of other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in shares of Royal Caribbean Cruises by 12.2% during the 4th quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock valued at $303,000 after buying an additional 143 shares during the period. Woodline Partners LP increased its stake in shares of Royal Caribbean Cruises by 40.8% in the first quarter. Woodline Partners LP now owns 20,918 shares of the company’s stock worth $4,297,000 after acquiring an additional 6,063 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $1,762,000. Baird Financial Group Inc. raised its holdings in shares of Royal Caribbean Cruises by 5.4% during the second quarter. Baird Financial Group Inc. now owns 4,772 shares of the company’s stock worth $1,494,000 after acquiring an additional 243 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Royal Caribbean Cruises during the second quarter worth $357,000. 87.53% of the stock is owned by hedge funds and other institutional investors.
Royal Caribbean Cruises Trading Down 0.1%
Royal Caribbean Cruises stock opened at $282.07 on Thursday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.20 and a quick ratio of 0.17. The company has a market capitalization of $75.65 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.99 and a beta of 1.76. Royal Caribbean Cruises Ltd. has a one year low of $232.10 and a one year high of $366.50. The company’s fifty day moving average price is $284.13 and its two-hundred day moving average price is $289.12.
Royal Caribbean Cruises Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Wednesday, June 3rd were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, June 3rd. Royal Caribbean Cruises’s payout ratio is 36.61%.
Analyst Ratings Changes
RCL has been the topic of a number of recent research reports. Freedom Capital upgraded Royal Caribbean Cruises to a “strong-buy” rating in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft set a $296.00 price target on Royal Caribbean Cruises in a research note on Friday, May 1st. Truist Financial lowered their price target on Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating for the company in a research note on Friday, May 22nd. Zacks Research raised Royal Caribbean Cruises from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 18th. Finally, Barclays dropped their price objective on Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $346.80.
Check Out Our Latest Stock Analysis on Royal Caribbean Cruises
About Royal Caribbean Cruises
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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