Aaron Wealth Advisors LLC Purchases 125 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Aaron Wealth Advisors LLC increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,111 shares of the company’s stock after purchasing an additional 125 shares during the period. Aaron Wealth Advisors LLC’s holdings in Royal Caribbean Cruises were worth $487,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. D1 Capital Partners L.P. increased its holdings in Royal Caribbean Cruises by 3.8% in the 3rd quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock valued at $278,502,000 after buying an additional 58,159 shares during the period. Swiss National Bank increased its stake in Royal Caribbean Cruises by 0.5% in the third quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after acquiring an additional 3,800 shares during the period. Disciplined Growth Investors Inc. MN lifted its stake in Royal Caribbean Cruises by 2.3% during the third quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after purchasing an additional 13,520 shares during the period. APG Asset Management N.V. boosted its holdings in Royal Caribbean Cruises by 4.0% during the second quarter. APG Asset Management N.V. now owns 461,762 shares of the company’s stock valued at $68,690,000 after purchasing an additional 17,601 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of Royal Caribbean Cruises by 10,599.0% in the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after purchasing an additional 406,048 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RCL has been the subject of several analyst reports. Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price for the company. Truist Financial boosted their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Stifel Nicolaus increased their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Barclays boosted their price target on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $246.50.

Insider Activity

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now directly owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The sale 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 business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock valued at $94,299,521 in the last 90 days. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $241.79 on Monday. The business’s 50-day simple moving average is $237.34 and its 200 day simple moving average is $195.94. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. The stock has a market cap of $65.01 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 0.48 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.85 EPS. As a group, research analysts anticipate 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. Shareholders of record on Friday, December 27th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 22.61%.

Royal Caribbean Cruises 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.