Compound Global Advisors LLC Purchases Shares of 1,000 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Compound Global Advisors LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the company’s stock, valued at approximately $231,000.

A number of other large investors have also modified their holdings of RCL. Plato Investment Management Ltd acquired a new position in Royal Caribbean Cruises during the 3rd quarter worth $26,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. grew its position in shares of Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after buying an additional 121 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth approximately $31,000. Finally, Bay Harbor Wealth Management LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the transaction, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 372,609 shares of company stock valued at $87,647,208 over the last three months. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Stock Down 1.2 %

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

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly 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 return on equity of 48.97% and a net margin of 17.46%. During the same quarter last year, the company earned $1.25 EPS. Sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

Analyst Upgrades and Downgrades

RCL has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group cut their price target on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Finally, Tigress Financial raised their target price on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $284.12.

Royal Caribbean Cruises Company 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.