Capital Investment Advisory Services LLC Takes $215,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Capital Investment Advisory Services LLC acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 933 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RCL. NewEdge Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 144.4% in the 2nd quarter. NewEdge Advisors LLC now owns 14,115 shares of the company’s stock worth $2,250,000 after acquiring an additional 8,340 shares during the period. EP Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises in the second quarter worth approximately $260,000. Truist Financial Corp boosted its stake in Royal Caribbean Cruises by 19.2% during the 2nd quarter. Truist Financial Corp now owns 20,958 shares of the company’s stock valued at $3,341,000 after purchasing an additional 3,369 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Royal Caribbean Cruises by 5.9% during the 2nd quarter. Cetera Investment Advisers now owns 51,097 shares of the company’s stock valued at $8,146,000 after purchasing an additional 2,856 shares during the period. Finally, Dana Investment Advisors Inc. bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter worth $325,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $266.48 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.16. The company has a market capitalization of $71.65 billion, a price-to-earnings ratio of 24.93, a P/E/G ratio of 0.55 and a beta of 2.59. The business’s 50-day moving average is $239.86 and its 200-day moving average is $201.20. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $277.08.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period last year, the firm posted $1.25 EPS. Equities research analysts expect that Royal Caribbean Cruises Ltd. will post 15 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 20.58%.

Analysts Set New Price Targets

RCL has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley lifted their price objective on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 8th. Macquarie increased their target price on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $274.19.

Insiders Place Their Bets

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 372,609 shares of company stock valued at $87,647,208 in the last three months. Insiders own 7.95% of the company’s stock.

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.