Several hedge funds and institutional investors recently changed their stakes in Royal Caribbean Cruises. Unique Wealth Strategies LLC invested around $27,000 in the second quarter. Versant Capital Management Inc. increased its holdings by over 900%, now owning 191 shares worth approximately $30,000. Scarborough Advisors LLC bought shares worth $26,000 in the fourth quarter, while AlphaMark Advisors LLC raised its stake by 233%, owning 200 shares valued at about $32,000 after buying 140 more shares. Additionally, Creekmur Asset Management LLC purchased shares worth $30,000. Hedge funds and institutions own 87.53% of the company.
Growth Forecasts by Analysts
Analysts recently updated their target prices for RCL shares. Truist Financial raised their target from $175 to $204, giving a “buy” rating. Macquarie increased their target from $165 to $189 with an “outperform” rating. UBS raised its target from $168 to $183, while Goldman Sachs upped theirs from $170 to $195, both rating the stock as a “buy.” Tigress Financial set their target at $210, also with a “buy” rating. Currently, three analysts rated the stock as a hold, and fourteen rated it as a buy, with a consensus rating of “Moderate Buy” and a target price of $187.19 according to MarketBeat.com.
Get Our Latest Analysis on Royal Caribbean Cruises
Insider Transactions
In recent insider trades, CFO Naftali Holtz bought 5,350 shares at $140 each for $749,000, raising his ownership to 48,256 shares valued at about $6.75 million. Director Vagn O. Sorensen sold 5,800 shares at an average price of $158.50 totaling $919,300, now owning 25,837 shares valued at $4.1 million. Corporate insiders own 7.95% of the stock.
Stock Performance
Royal Caribbean Cruises stock opened at $193.03. They have a 50-day moving average of $164.72 and a 200-day average of $153.83. Their stock has seen a low of $78.35 and a high of $193.21 in the past year. The company has a debt-to-equity ratio of 3.20 and a market cap of $49.68 billion. They reported $3.21 EPS for the last quarter, exceeding estimates of $2.76, with revenues of $4.10 billion.
Dividend Announcement
The company announced a dividend of $0.40 per share payable on October 11th to shareholders on record as of September 20th. The dividend payout ratio is 20.62%.
About Royal Caribbean Cruises
Royal Caribbean Cruises Ltd. operates globally, offering cruises under brands such as Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. As of February 21, 2024, they operate 65 ships.
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