Mather Group LLC. Reduces Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Mather Group LLC. lowered its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,357 shares of the company’s stock after selling 322 shares during the period. Mather Group LLC.’s holdings in Royal Caribbean Cruises were worth $418,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RCL. Scarborough Advisors LLC bought a new position in Royal Caribbean Cruises in the 4th quarter worth $26,000. Unique Wealth Strategies LLC bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth about $27,000. Creekmur Asset Management LLC bought a new position in shares of Royal Caribbean Cruises in the 4th quarter worth about $30,000. Versant Capital Management Inc increased its stake in shares of Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares in the last quarter. Finally, AlphaMark Advisors LLC increased its stake in shares of Royal Caribbean Cruises by 233.3% in the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $193.59 on Friday. The business has a 50 day simple moving average of $164.72 and a 200-day simple moving average of $153.83. The stock has a market capitalization of $49.82 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 0.50 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $195.12.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. Equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is currently 20.62%.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $140.00 per share, with a total value of $749,000.00. Following the purchase, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the transaction, the director now owns 25,837 shares in the company, valued at $4,095,164.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RCL. Tigress Financial raised their price objective on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Susquehanna raised their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Macquarie raised their price target on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.19.

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.