Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Acquired by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,270 shares of the company’s stock after purchasing an additional 66 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Royal Caribbean Cruises were worth $524,000 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. Plato Investment Management Ltd acquired a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $26,000. Safe Harbor Fiduciary LLC bought a new position in Royal Caribbean Cruises in the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. boosted its stake in Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the period. ORG Wealth Partners LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter valued at approximately $40,000. Finally, LRI Investments LLC bought a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insiders Place Their Bets

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the transaction, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $42,953,500.42. The trade was a 10.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Stock Up 3.6 %

RCL opened at $241.79 on Friday. 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 capitalization of $65.01 billion, a PE ratio of 24.85, a P/E/G ratio of 0.48 and a beta of 2.59. The stock’s fifty day moving average is $237.34 and its 200-day moving average is $195.67. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly 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. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the business earned $3.85 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced 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. This represents a $2.20 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 22.61%.

Wall Street Analyst Weigh In

RCL has been the topic of several recent research reports. Citigroup raised their price target on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Truist Financial raised their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Barclays upped their price target on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Macquarie lifted their price objective on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Tigress Financial upped their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.