Facet Wealth Inc. Invests $282,000 in Royal Caribbean Cruises Ltd. $RCL

Facet Wealth Inc. purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 887 shares of the company’s stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RCL. Nuveen LLC purchased a new position in Royal Caribbean Cruises during the first quarter valued at $358,614,000. Vanguard Group Inc. lifted its position in shares of Royal Caribbean Cruises by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 28,674,763 shares of the company’s stock valued at $5,890,943,000 after buying an additional 602,447 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Royal Caribbean Cruises by 21.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,991,079 shares of the company’s stock valued at $614,487,000 after buying an additional 535,043 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Royal Caribbean Cruises by 7,971.4% during the 2nd quarter. Bessemer Group Inc. now owns 540,222 shares of the company’s stock valued at $169,165,000 after buying an additional 533,529 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Royal Caribbean Cruises by 179.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 645,200 shares of the company’s stock valued at $132,550,000 after purchasing an additional 414,100 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 1.1%

Shares of RCL stock opened at $319.84 on Tuesday. The stock has a market cap of $86.88 billion, a P/E ratio of 23.98, a PEG ratio of 0.95 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 52 week low of $164.01 and a 52 week high of $366.50. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 1.88. The company’s fifty day simple moving average is $329.34 and its two-hundred day simple moving average is $294.51.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $4.38 EPS for the quarter, topping the consensus estimate of $4.04 by $0.34. The business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.54 billion. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.21 EPS. Analysts predict that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, September 25th. This is a boost from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. Royal Caribbean Cruises’s payout ratio is currently 29.99%.

Insider Activity at Royal Caribbean Cruises

In related news, CAO Henry L. Pujol sold 5,207 shares of the stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total transaction of $1,715,550.29. Following the sale, the chief accounting officer owned 7,826 shares in the company, valued at approximately $2,578,432.22. This represents a 39.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 10,300 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the sale, the director directly owned 16,407 shares in the company, valued at approximately $5,414,966.28. This represents a 38.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,507 shares of company stock worth $10,091,282. Company insiders own 6.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RCL shares. Tigress Financial lifted their price target on shares of Royal Caribbean Cruises from $330.00 to $415.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Citigroup lifted their target price on shares of Royal Caribbean Cruises from $390.00 to $399.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Mizuho lowered their target price on shares of Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Jefferies Financial Group boosted their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, July 7th. Finally, UBS Group boosted their price objective on Royal Caribbean Cruises from $311.00 to $353.00 and gave the company a “buy” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $332.14.

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.