MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 735 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,364 shares of the company’s stock after acquiring an additional 735 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Royal Caribbean Cruises were worth $2,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Scarborough Advisors LLC acquired a new position in Royal Caribbean Cruises during the 4th quarter worth $26,000. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises in the second quarter valued at about $27,000. Creekmur Asset Management LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter worth about $30,000. Versant Capital Management Inc raised its holdings in 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 purchasing an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after purchasing an additional 140 shares during the last quarter. 87.53% of the stock is currently 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 the firm’s 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 transaction, the insider now owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This trade 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 accessible through this hyperlink. In other news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RCL shares. Tigress Financial increased their price objective on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Citigroup lifted their price objective on Royal Caribbean Cruises from $204.00 to $253.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. UBS Group increased their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley boosted their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $189.06.

View Our Latest Stock Report on Royal Caribbean Cruises

Royal Caribbean Cruises Trading Up 0.7 %

RCL opened at $196.98 on Tuesday. The stock has a market capitalization of $50.69 billion, a P/E ratio of 25.38, a P/E/G ratio of 0.55 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $197.94. The firm’s fifty day simple moving average is $167.91 and its 200 day simple moving average is $155.16.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion for 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 company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 earnings per share. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were issued a $0.40 dividend. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

Royal Caribbean Cruises Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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