AustralianSuper Pty Ltd Invests $496,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

AustralianSuper Pty Ltd purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,113 shares of the company’s stock, valued at approximately $496,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RCL. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. Unique Wealth Strategies LLC acquired a new position in Royal Caribbean Cruises during the second quarter worth about $27,000. Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises in the fourth quarter valued at about $30,000. Versant Capital Management Inc boosted its stake in shares of Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its position in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,584 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Richard D. Fain sold 19,584 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the transaction, the director now directly owns 179,117 shares of the company’s stock, valued at $27,576,853.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The disclosure for this purchase can be found here. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Trading Down 2.0 %

Shares of Royal Caribbean Cruises stock traded down $3.32 during trading hours on Wednesday, reaching $165.70. The stock had a trading volume of 408,673 shares, compared to its average volume of 2,550,266. The firm has a market capitalization of $42.64 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 0.44 and a beta of 2.62. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $173.37. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The firm has a 50 day simple moving average of $157.78 and a two-hundred day simple moving average of $143.56.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the firm posted $1.82 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

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. Royal Caribbean Cruises’s dividend payout ratio is currently 20.62%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Truist Financial raised their target price on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Barclays boosted their price target on Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Argus increased their price objective on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Macquarie boosted their target price on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Finally, Morgan Stanley raised 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 note on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus target price of $182.13.

Royal Caribbean Cruises Company 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.