Pacer Advisors Inc. Has $4.78 Million Stock Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Pacer Advisors Inc. raised its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 17.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,729 shares of the company’s stock after buying an additional 3,074 shares during the quarter. Pacer Advisors Inc.’s holdings in Royal Caribbean Cruises were worth $4,782,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new stake in shares of Royal Caribbean Cruises in the third quarter worth $26,000. Safe Harbor Fiduciary LLC bought a new stake in Royal Caribbean Cruises in the 3rd quarter valued at $27,000. DiNuzzo Private Wealth Inc. grew its position in Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth about $40,000. Finally, LRI Investments LLC bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth about $31,000. 87.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their target price on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 8th. Bank of America lifted their price objective on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Susquehanna upped their target price on Royal Caribbean Cruises from $245.00 to $305.00 and gave the company a “positive” rating in a research note on Wednesday. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price target on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $274.19.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $274.94 on Friday. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $275.05. The firm has a market cap of $73.93 billion, a P/E ratio of 28.26, a P/E/G ratio of 0.50 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The business’s fifty day moving average is $239.12 and its two-hundred day moving average is $200.69.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. During the same quarter last year, the company posted $1.25 EPS. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

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.