Meiji Yasuda America Inc purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,169 shares of the company’s stock, valued at approximately $4,789,000.
A number of other institutional investors also recently modified their holdings of RCL. Montag A & Associates Inc. lifted its stake in shares of Royal Caribbean Cruises by 184.4% during the 4th quarter. Montag A & Associates Inc. now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 59 shares in the last quarter. Ares Financial Consulting LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at approximately $26,000. SRH Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at approximately $28,000. Tucker Asset Management LLC purchased a new stake in shares of Royal Caribbean Cruises during the 4th quarter valued at approximately $28,000. Finally, GGM Financials LLC purchased a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at approximately $33,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.
Royal Caribbean Cruises Stock Performance
NYSE RCL opened at $287.90 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $232.10 and a 1 year high of $366.50. 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 stock has a market capitalization of $77.22 billion, a PE ratio of 17.57, a P/E/G ratio of 0.94 and a beta of 1.77. The company’s 50 day simple moving average is $271.82 and its two-hundred day simple moving average is $284.00.
Royal Caribbean Cruises Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 3rd will be given a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $6.00 annualized dividend and a dividend yield of 2.1%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 36.61%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on RCL shares. Loop Capital started coverage on shares of Royal Caribbean Cruises in a research note on Monday, June 1st. They set a “hold” rating and a $304.00 price target on the stock. TD Cowen lowered their target price on shares of Royal Caribbean Cruises from $350.00 to $337.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Barclays lowered their target price on shares of Royal Caribbean Cruises from $351.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Truist Financial lowered their target price on shares of Royal Caribbean Cruises from $318.00 to $297.00 and set a “hold” rating on the stock in a research note on Friday, May 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Royal Caribbean Cruises in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $344.79.
Read Our Latest Report on Royal Caribbean Cruises
Royal Caribbean Cruises Profile
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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