Apollon Wealth Management LLC Has $1.05 Million Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Apollon Wealth Management LLC boosted its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,540 shares of the company’s stock after purchasing an additional 569 shares during the quarter. Apollon Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $1,047,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Royal Caribbean Cruises in the third quarter valued at about $26,000. Safe Harbor Fiduciary LLC bought a new position in Royal Caribbean Cruises in the third quarter valued at about $27,000. DiNuzzo Private Wealth Inc. grew its position 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 last quarter. LRI Investments LLC bought a new position in Royal Caribbean Cruises in the third quarter valued at about $31,000. Finally, Bay Harbor Wealth Management LLC bought a new position in Royal Caribbean Cruises in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their target price on Royal Caribbean Cruises from $232.00 to $272.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. The Goldman Sachs Group reduced their price target on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Loop Capital started coverage on Royal Caribbean Cruises in a report on Tuesday, February 4th. They set a “hold” rating and a $250.00 price target on the stock. Barclays boosted their price target on Royal Caribbean Cruises from $287.00 to $308.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Argus upped their target price on Royal Caribbean Cruises from $280.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $284.12.

Insider Activity at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the stock in a transaction 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 sale, the director now directly owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 372,609 shares of company stock valued at $87,647,208. 7.95% of the stock is owned by insiders.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $256.58 on Wednesday. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $277.08. The stock’s 50 day moving average is $242.94 and its 200-day moving average is $206.58. The firm has a market capitalization of $68.99 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.00 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share 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 business earned $1.25 EPS. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 20.58%.

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.