Advisory Alpha LLC Has $401,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Advisory Alpha LLC raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 18.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,737 shares of the company’s stock after acquiring an additional 266 shares during the period. Advisory Alpha LLC’s holdings in Royal Caribbean Cruises were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Royal Caribbean Cruises by 10,599.0% in the 3rd 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 during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of Royal Caribbean Cruises by 809.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 173,124 shares of the company’s stock valued at $27,601,000 after acquiring an additional 154,090 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Royal Caribbean Cruises by 138.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock valued at $28,703,000 after acquiring an additional 93,899 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Royal Caribbean Cruises in the 3rd quarter worth about $14,544,000. Finally, Dakota Wealth Management boosted its holdings in Royal Caribbean Cruises by 3,935.2% in the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock valued at $13,635,000 after purchasing an additional 74,966 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RCL. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Barclays raised their price target on Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Morgan Stanley upped their price objective on shares of Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 8th. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.50.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises 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 transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock worth $94,299,521 in the last ninety days. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Down 3.1 %

Shares of NYSE:RCL opened at $235.82 on Thursday. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-week high of $258.70. The company has a market capitalization of $63.41 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 0.52 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The company has a fifty day moving average of $237.60 and a 200-day moving average of $197.44.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations 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 firm earned $3.85 EPS. On average, equities analysts predict that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a $0.55 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.93%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 22.61%.

Royal Caribbean Cruises Company 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.