Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 100.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 200 shares of the company’s stock after purchasing an additional 100 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $46,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Sovran Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $395,000. Compound Global Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $231,000. Summit Trail Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 85.5% in the 4th quarter. Summit Trail Advisors LLC now owns 5,091 shares of the company’s stock worth $1,177,000 after acquiring an additional 2,347 shares during the period. Savant Capital LLC increased its holdings in shares of Royal Caribbean Cruises by 16.4% in the 4th quarter. Savant Capital LLC now owns 6,076 shares of the company’s stock worth $1,402,000 after acquiring an additional 857 shares during the period. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Royal Caribbean Cruises by 9.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 5,644 shares of the company’s stock worth $1,302,000 after acquiring an additional 490 shares during the period. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $261.14 on Tuesday. The firm has a fifty day simple moving average of $242.64 and a 200-day simple moving average of $205.82. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08. The stock has a market capitalization of $70.22 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.00 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company earned $1.25 EPS. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm 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. This represents a $2.20 annualized dividend and a yield of 0.84%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, 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 $5,243,287.76. This represents a 12.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’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 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 position. The disclosure for this sale can be found here. Insiders have sold 372,609 shares of company stock valued at $87,647,208 in the last 90 days. 7.95% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RCL. Stifel Nicolaus increased their price objective on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, December 6th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Truist Financial increased their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. The Goldman Sachs Group decreased their target price on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Loop Capital started coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, February 4th. They issued a “hold” rating and a $250.00 target price for the company. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $284.12.

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.