Global Retirement Partners LLC Boosts Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Global Retirement Partners LLC lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.9% in the third quarter, Holdings Channel.com reports. The firm owned 2,042 shares of the company’s stock after purchasing an additional 249 shares during the quarter. Global Retirement Partners LLC’s holdings in Royal Caribbean Cruises were worth $362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Good Life Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 13.2% in the 3rd quarter. Good Life Advisors LLC now owns 2,038 shares of the company’s stock worth $361,000 after purchasing an additional 237 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth about $1,011,000. Mezzasalma Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 17.3% in the 3rd quarter. Mezzasalma Advisors LLC now owns 22,975 shares of the company’s stock worth $4,075,000 after purchasing an additional 3,394 shares in the last quarter. Kowal Investment Group LLC purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth about $221,000. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 40.1% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 1,796 shares of the company’s stock worth $319,000 after purchasing an additional 514 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Down 0.0 %

RCL opened at $199.93 on Tuesday. The business has a 50 day simple moving average of $172.75 and a two-hundred day simple moving average of $157.37. The firm has a market capitalization of $51.45 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 0.57 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $204.37.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. Analysts predict that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently announced a — dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were given a $0.40 dividend. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.62%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on RCL shares. Stifel Nicolaus upped their price objective on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Morgan Stanley boosted their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group boosted their target price on Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Mizuho boosted their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.06.

Insider Transactions at Royal Caribbean Cruises

In other news, CFO Naftali Holtz bought 5,350 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $140.00 per share, with a total value of $749,000.00. Following the transaction, the chief financial officer now owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. The trade was a 0.00 % increase 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. In related news, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

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.