Eagle Wealth Strategies LLC Buys New Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Eagle Wealth Strategies LLC purchased a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 931 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its position in Royal Caribbean Cruises by 104.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,571 shares of the company’s stock worth $251,000 after buying an additional 803 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Royal Caribbean Cruises by 50.0% during the 2nd quarter. AE Wealth Management LLC now owns 7,834 shares of the company’s stock worth $1,249,000 after purchasing an additional 2,611 shares in the last quarter. Summit Trail Advisors LLC increased its position in shares of Royal Caribbean Cruises by 5.1% during the second quarter. Summit Trail Advisors LLC now owns 2,046 shares of the company’s stock valued at $326,000 after purchasing an additional 100 shares during the period. ProShare Advisors LLC raised its stake in shares of Royal Caribbean Cruises by 1.7% in the second quarter. ProShare Advisors LLC now owns 42,133 shares of the company’s stock valued at $6,717,000 after purchasing an additional 724 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its position in Royal Caribbean Cruises by 20,655.6% in the second quarter. Frank Rimerman Advisors LLC now owns 1,868 shares of the company’s stock worth $298,000 after purchasing an additional 1,859 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

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 transaction, the director now directly owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises 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 directly owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock worth $94,299,521 over the last three months. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Trading Up 0.6 %

Shares of NYSE RCL opened at $243.20 on Wednesday. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $258.70. The company has a 50-day moving average of $237.60 and a two-hundred day moving average of $197.44. The company has a market cap of $65.39 billion, a PE ratio of 24.99, a P/E/G ratio of 0.51 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.85 EPS. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.66 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared 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 0.90%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is 22.61%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Royal Caribbean Cruises in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective for the company. Macquarie raised their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price objective 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. The Goldman Sachs Group increased their target price on Royal Caribbean Cruises from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Truist Financial boosted their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $246.50.

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.