Wealthcare Advisory Partners LLC Has $2.40 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Wealthcare Advisory Partners LLC cut its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,383 shares of the company’s stock after selling 365 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Royal Caribbean Cruises were worth $2,395,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RCL. Plato Investment Management Ltd bought a new position in Royal Caribbean Cruises during the 3rd quarter worth about $26,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. grew its holdings in shares of Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after buying an additional 121 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at approximately $40,000. Finally, LRI Investments LLC bought a new stake in Royal Caribbean Cruises in the 3rd quarter valued at approximately $31,000. 87.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the transaction, the director now directly owns 204,521 shares in the company, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 over the last three months. Insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RCL shares. Citigroup raised their price target on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Barclays lifted their price target on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Macquarie increased their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their target price on Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $246.50.

Royal Caribbean Cruises Stock Up 3.6 %

RCL stock opened at $241.79 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $258.70. The business’s 50 day simple moving average is $237.01 and its 200 day simple moving average is $195.08. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $65.01 billion, a PE ratio of 24.85, a PEG ratio of 0.48 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.85 earnings per share. As a group, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 annualized dividend and a yield of 0.91%. Royal Caribbean Cruises’s dividend payout ratio is currently 22.61%.

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.