Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,755 shares of the company’s stock after buying an additional 63 shares during the period. Empower Advisory Group LLC’s holdings in Royal Caribbean Cruises were worth $311,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FSM Wealth Advisors LLC lifted its holdings in shares of Royal Caribbean Cruises by 3.2% during the third quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock worth $290,000 after purchasing an additional 51 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 20.9% during the third quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock worth $63,000 after purchasing an additional 61 shares during the period. Venture Visionary Partners LLC lifted its holdings in shares of Royal Caribbean Cruises by 4.8% during the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock worth $242,000 after purchasing an additional 62 shares during the period. Ignite Planners LLC lifted its holdings in shares of Royal Caribbean Cruises by 4.3% during the third quarter. Ignite Planners LLC now owns 1,856 shares of the company’s stock worth $329,000 after purchasing an additional 77 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings 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 purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the sale, the director now owns 204,521 shares in the company, valued at $42,953,500.42. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,796 shares of company stock worth $7,170,759 in the last quarter. 7.95% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on RCL. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Morgan Stanley boosted their price target on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Truist Financial boosted their price objective on Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group boosted their price objective on Royal Caribbean Cruises from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Royal Caribbean Cruises Price Performance

RCL opened at $231.49 on Friday. The stock’s 50-day moving average price is $192.17 and its 200 day moving average price is $167.30. Royal Caribbean Cruises Ltd. has a 12-month low of $101.04 and a 12-month high of $238.10. 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 cap of $62.24 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 0.62 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the company earned $3.85 EPS. Royal Caribbean Cruises’s revenue was up 17.5% on a year-over-year basis. As a group, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

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.