Fortis Group Advisors LLC Sells 56 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Fortis Group Advisors LLC lowered its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.4% during the third quarter, Holdings Channel reports. The fund owned 2,311 shares of the company’s stock after selling 56 shares during the period. Fortis Group Advisors LLC’s holdings in Royal Caribbean Cruises were worth $410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Unique Wealth Strategies LLC acquired a new stake in shares of Royal Caribbean Cruises in the second quarter valued at approximately $27,000. Versant Capital Management Inc boosted its position in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 172 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted 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 valued at $30,000 after buying an additional 121 shares during the last quarter. AlphaMark Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of Royal Caribbean Cruises by 50.3% during the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.5 %

RCL stock traded up $1.06 during midday trading on Tuesday, hitting $200.97. The company’s stock had a trading volume of 156,320 shares, compared to its average volume of 2,400,019. The company’s fifty day moving average price is $172.75 and its 200 day moving average price is $157.37. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $204.37. The stock has a market capitalization of $51.72 billion, a P/E ratio of 21.80, a PEG ratio of 0.57 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 earnings per share. As a group, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a — dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 17.45%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on RCL shares. Truist Financial increased their price objective on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Mizuho upped their target price on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Barclays upped their price objective on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Macquarie lifted their target price on Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Three investment 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, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.06.

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.