Bokf Na Grows Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Bokf Na lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 233.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,386 shares of the company’s stock after buying an additional 20,584 shares during the quarter. Bokf Na’s holdings in Royal Caribbean Cruises were worth $4,685,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Royal Caribbean Cruises in the 4th quarter worth approximately $323,251,000. Eagle Asset Management Inc. purchased a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $79,392,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at about $66,279,000. Junto Capital Management LP purchased a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $47,950,000. Finally, Vanguard Group Inc. boosted its position in shares of Royal Caribbean Cruises by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock worth $3,273,144,000 after acquiring an additional 359,770 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 2.1 %

Shares of Royal Caribbean Cruises stock opened at $165.57 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $173.37. The company has a market capitalization of $42.61 billion, a PE ratio of 21.34, a P/E/G ratio of 0.46 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The business has a 50-day moving average of $159.52 and a 200-day moving average of $147.26.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm earned $1.82 EPS. Royal Caribbean Cruises’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date is Friday, September 20th.

Analyst Upgrades and Downgrades

RCL has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. UBS Group boosted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised their price objective on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Argus boosted their target price on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.13.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the sale, the director now owns 25,837 shares in the company, valued at $4,095,164.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises 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.