AA Financial Advisors LLC Purchases 129 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

AA Financial Advisors LLC increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,058 shares of the company’s stock after buying an additional 129 shares during the period. AA Financial Advisors LLC’s holdings in Royal Caribbean Cruises were worth $475,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 in the company, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 372,609 shares of company stock valued at $87,647,208. Company insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on RCL. Morgan Stanley boosted 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 report on Wednesday, January 8th. Argus upped their price objective on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group cut their price objective on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Susquehanna increased their price target on Royal Caribbean Cruises from $245.00 to $305.00 and gave the stock a “positive” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $274.19.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $274.94 on Friday. The company has a fifty day moving average price of $239.12 and a 200-day moving average price of $200.69. The firm has a market cap of $73.93 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.55 and a beta of 2.59. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $275.05.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data 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 period in the prior year, the business posted $1.25 earnings per share. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 15 EPS 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 issued a dividend of $0.55 per share. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.80%. 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.