Riverview Trust Co Purchases Shares of 890 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Riverview Trust Co purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 890 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $26,000. Scarborough Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $26,000. Creekmur Asset Management LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $33,000. Finally, West Branch Capital LLC raised its position in shares of Royal Caribbean Cruises by 50.0% in the fourth quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RCL. Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Barclays upped their price target on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. UBS Group upped their price target on shares of Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Macquarie upped their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Three 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, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $156.31.

Royal Caribbean Cruises Stock Up 4.0 %

RCL stock opened at $160.73 on Wednesday. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $161.68. The firm’s 50-day simple moving average is $145.46 and its 200 day simple moving average is $132.92. The stock has a market cap of $41.36 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 0.47 and a beta of 2.56.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. Royal Caribbean Cruises’s quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.23) EPS. As a group, sell-side analysts predict that Royal Caribbean Cruises Ltd. will post 11.09 EPS for the current year.

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now owns 16,687 shares of the company’s stock, valued at approximately $2,356,705.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Henry L. Pujol sold 9,944 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at $2,356,705.01. The disclosure for this sale can be found here. Insiders have sold 152,884 shares of company stock valued at $22,052,985 in the last quarter. Insiders own 7.95% of the company’s stock.

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.