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

Clarius Group LLC increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 26.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,679 shares of the company’s stock after purchasing an additional 355 shares during the quarter. Clarius Group LLC’s holdings in Royal Caribbean Cruises were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RCL. Aaron Wealth Advisors LLC lifted its holdings in Royal Caribbean Cruises by 6.3% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,111 shares of the company’s stock worth $487,000 after acquiring an additional 125 shares during the last quarter. Kera Capital Partners Inc. acquired a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $213,000. Hanseatic Management Services Inc. raised its position in shares of Royal Caribbean Cruises by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 550 shares of the company’s stock worth $127,000 after purchasing an additional 59 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 2.4% in the 4th quarter. HB Wealth Management LLC now owns 7,552 shares of the company’s stock worth $1,742,000 after purchasing an additional 178 shares during the last quarter. Finally, Premier Path Wealth Partners LLC boosted its position in Royal Caribbean Cruises by 3.0% during the 4th quarter. Premier Path Wealth Partners LLC now owns 2,270 shares of the company’s stock valued at $524,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the transaction, the chief accounting officer now directly owns 9,964 shares in the company, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard D. Fain sold 25,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the sale, the director now owns 204,521 shares of the company’s stock, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock valued at $94,299,521 over the last three months. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Stock Up 3.6 %

Shares of NYSE:RCL opened at $241.79 on Monday. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $258.70. 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 company has a market cap of $65.01 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 0.48 and a beta of 2.59. The firm has a 50 day simple moving average of $237.34 and a 200 day simple moving average of $195.94.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping the consensus estimate of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. Royal Caribbean Cruises’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.85 earnings per share. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were issued a $0.55 dividend. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.91%. Royal Caribbean Cruises’s dividend payout ratio is 22.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RCL shares. Truist Financial increased their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Barclays increased their price objective on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley boosted their price objective on Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average price target of $246.50.

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.