Dimensional Fund Advisors LP Has $326.62 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Dimensional Fund Advisors LP increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 24.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,048,501 shares of the company’s stock after buying an additional 400,565 shares during the quarter. Dimensional Fund Advisors LP owned 0.80% of Royal Caribbean Cruises worth $326,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Royal Caribbean Cruises by 2.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,162 shares of the company’s stock valued at $668,000 after purchasing an additional 140 shares during the period. Quadrant Capital Group LLC grew its position in Royal Caribbean Cruises by 19.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,788 shares of the company’s stock valued at $232,000 after purchasing an additional 285 shares in the last quarter. ING Groep NV increased its stake in Royal Caribbean Cruises by 294.2% in the 4th quarter. ING Groep NV now owns 32,273 shares of the company’s stock valued at $4,179,000 after buying an additional 24,086 shares during the period. Norges Bank purchased a new stake in Royal Caribbean Cruises in the 4th quarter worth approximately $323,251,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 46,653 shares of the company’s stock valued at $6,041,000 after buying an additional 527 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Royal Caribbean Cruises

In related 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 sale, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the firm’s 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 completion of the sale, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Naftali Holtz acquired 5,350 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the subject of several recent research reports. UBS Group increased their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Tigress Financial lifted their price target on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Bank of America increased their price objective on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Barclays lifted their target price on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Citigroup boosted their target price on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $182.31.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $169.78 on Tuesday. The stock has a 50-day simple moving average of $159.92 and a 200 day simple moving average of $148.27. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $173.40. The stock has a market capitalization of $43.69 billion, a PE ratio of 21.88, a P/E/G ratio of 0.47 and a beta of 2.61. 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 (NYSE:RCL) last issued its quarterly earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.76 by $0.45. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 EPS. Research analysts anticipate 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. Shareholders of record on Friday, September 20th will be given a $0.40 dividend. The ex-dividend date is Friday, September 20th.

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.