First Trust Direct Indexing L.P. Has $1.07 Million Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

First Trust Direct Indexing L.P. boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,672 shares of the company’s stock after buying an additional 379 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Royal Caribbean Cruises were worth $1,066,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Capital International Investors increased its stake in Royal Caribbean Cruises by 1.2% in the 4th quarter. Capital International Investors now owns 29,309,587 shares of the company’s stock valued at $3,795,368,000 after buying an additional 351,747 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Royal Caribbean Cruises by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 25,277,193 shares of the company’s stock valued at $3,273,144,000 after acquiring an additional 359,770 shares during the last quarter. Norges Bank bought a new stake in Royal Caribbean Cruises during the fourth quarter worth $323,251,000. Swiss National Bank boosted its position in Royal Caribbean Cruises by 2.8% in the fourth quarter. Swiss National Bank now owns 760,938 shares of the company’s stock worth $98,534,000 after purchasing an additional 20,600 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Royal Caribbean Cruises by 15.4% during the fourth quarter. Federated Hermes Inc. now owns 639,348 shares of the company’s stock valued at $82,789,000 after buying an additional 85,545 shares during the period. Institutional investors own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RCL shares. Macquarie lifted their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Truist Financial boosted their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. upped their price target on Royal Caribbean Cruises from $173.00 to $175.00 and gave the company an “overweight” rating in a research report on Monday, June 24th. Argus increased their target price on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, UBS Group boosted their price target on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.13.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the sale, the director now owns 179,117 shares in the company, valued at $27,576,853.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total value of $3,015,152.64. Following the sale, the director now owns 179,117 shares of the company’s stock, valued at approximately $27,576,853.32. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 152,884 shares of company stock worth $22,052,985. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.8 %

Shares of NYSE RCL opened at $155.38 on Friday. The stock has a market capitalization of $39.99 billion, a P/E ratio of 20.02, a PEG ratio of 0.47 and a beta of 2.62. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $162.50. The firm’s 50 day simple moving average is $149.01 and its two-hundred day simple moving average is $134.54.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.23) EPS. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current fiscal year.

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.