Tritonpoint Wealth LLC Buys 327 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Tritonpoint Wealth LLC increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,526 shares of the company’s stock after acquiring an additional 327 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Royal Caribbean Cruises were worth $1,047,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RCL. Clear Creek Financial Management LLC acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter valued at about $231,000. Caprock Group LLC boosted its holdings in Royal Caribbean Cruises by 22.6% in the fourth quarter. Caprock Group LLC now owns 3,597 shares of the company’s stock worth $832,000 after acquiring an additional 664 shares in the last quarter. AA Financial Advisors LLC grew its stake in Royal Caribbean Cruises by 6.7% in the fourth quarter. AA Financial Advisors LLC now owns 2,058 shares of the company’s stock valued at $475,000 after acquiring an additional 129 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $315,000. Finally, Crews Bank & Trust acquired a new position in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $57,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s 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 completion of the transaction, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the executive vice president now owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 372,609 shares of company stock worth $87,647,208. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 3.0 %

Shares of RCL stock opened at $266.48 on Monday. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $277.08. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The company has a 50 day moving average of $240.36 and a 200-day moving average of $202.10. The firm has a market cap of $71.65 billion, a P/E ratio of 24.93, a PEG ratio of 0.55 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating 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 in the previous year, the firm posted $1.25 EPS. Sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 15 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

Analyst Ratings Changes

RCL has been the subject of several research reports. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Stifel Nicolaus upped their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Argus lifted their price target on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Morgan Stanley raised their target price on Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, January 8th. Finally, Macquarie lifted their target price on Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $274.19.

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.