Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Private Advisory Group LLC

Private Advisory Group LLC increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 283.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,246 shares of the company’s stock after acquiring an additional 7,572 shares during the quarter. Private Advisory Group LLC’s holdings in Royal Caribbean Cruises were worth $1,817,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Blair William & Co. IL raised its stake in Royal Caribbean Cruises by 37.4% during the first quarter. Blair William & Co. IL now owns 102,133 shares of the company’s stock valued at $14,197,000 after buying an additional 27,819 shares in the last quarter. QRG Capital Management Inc. raised its stake in Royal Caribbean Cruises by 17.2% during 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. Virtu Financial LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $765,000. New Wave Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $611,000. Finally, Vanguard Group Inc. raised its stake in Royal Caribbean Cruises by 0.5% during the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after buying an additional 132,079 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE RCL opened at $193.59 on Friday. The stock has a fifty day moving average price of $164.72 and a two-hundred day moving average price of $153.83. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The firm has a market cap of $49.82 billion, a P/E ratio of 21.11, a PEG ratio of 0.55 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $195.12.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion during 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 quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $1.82 EPS. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 17.45%.

Insider Activity

In other news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares in the company, valued at $4,095,164.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

RCL has been the topic of several research reports. Morgan Stanley upped their price objective on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Bank of America increased their price target on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Mizuho increased their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Macquarie increased their price target on Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $187.19.

About Royal Caribbean Cruises

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.