Summit Trail Advisors LLC Has $1.18 Million Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Summit Trail Advisors LLC raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 85.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,091 shares of the company’s stock after purchasing an additional 2,347 shares during the quarter. Summit Trail Advisors LLC’s holdings in Royal Caribbean Cruises were worth $1,177,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RCL. International Assets Investment Management LLC increased its stake in Royal Caribbean Cruises by 10,599.0% in the third 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 in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Royal Caribbean Cruises by 138.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after buying an additional 93,899 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Royal Caribbean Cruises in the 3rd quarter valued at about $14,544,000. Dakota Wealth Management raised its stake in Royal Caribbean Cruises by 3,935.2% during the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock worth $13,635,000 after buying an additional 74,966 shares during the period. Finally, Mizuho Securities USA LLC boosted its holdings in Royal Caribbean Cruises by 372.6% in the third quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after acquiring an additional 68,008 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $256.58 on Wednesday. The stock 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 Ltd. has a 1-year low of $113.10 and a 1-year high of $277.08. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.17 and a quick ratio of 0.15. The business’s fifty day moving average price is $242.94 and its 200-day moving average price is $206.58.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same quarter in the prior year, the business posted $1.25 earnings per share. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

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

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 transaction of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares in the company, 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 is accessible through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 372,609 shares of company stock valued at $87,647,208. Corporate insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RCL. JPMorgan Chase & Co. upped their target price on Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Citigroup boosted their target price on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Mizuho reaffirmed an “outperform” rating and issued a $253.00 price target (down previously from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.12.

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.