Dimensional Fund Advisors LP Acquires 400,565 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Dimensional Fund Advisors LP grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 24.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,048,501 shares of the company’s stock after purchasing an additional 400,565 shares during the period. Dimensional Fund Advisors LP’s holdings in Royal Caribbean Cruises were worth $326,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Blair William & Co. IL grew its position in Royal Caribbean Cruises by 37.4% in the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after acquiring an additional 27,819 shares during the period. Keystone Financial Group bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $209,000. Quadrant Capital Group LLC increased its position in shares of Royal Caribbean Cruises by 19.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock worth $232,000 after purchasing an additional 285 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Royal Caribbean Cruises by 12.0% during the 4th quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock valued at $21,577,000 after purchasing an additional 17,815 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in Royal Caribbean Cruises by 17.2% in the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after buying an additional 5,655 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of RCL stock opened at $169.78 on Tuesday. The firm’s 50 day moving average price is $159.92 and its two-hundred day moving average price is $148.27. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $173.40. The stock has a market cap of $43.69 billion, a PE ratio of 21.88, a PEG ratio of 0.47 and a beta of 2.61.

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

Royal Caribbean Cruises Announces Dividend

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

Insider Activity at Royal Caribbean Cruises

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

Wall Street Analyst Weigh In

RCL has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Susquehanna lifted their price objective on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday. The Goldman Sachs Group lifted their price target on Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Barclays increased their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.31.

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.