Private Advisor Group LLC buys 834 shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

VaselineSeptember 15, 2024

0 4 minutes read

Private Advisor Group LLC boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL – Free Report) by 9.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,370 shares of the company’s stock after purchasing an additional 834 shares during the period. Private Advisor Group LLC’s holdings in Royal Caribbean Cruises were worth $1,494,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Scarborough Advisors LLC purchased a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $26,000. Unique Wealth Strategies LLC purchased a new stake in Royal Caribbean Cruises in the second quarter valued at about $27,000. Creekmur Asset Management LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter valued at approximately $30,000. Versant Capital Management Inc boosted its holdings in shares of Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares during the period. Finally, AlphaMark Advisors LLC raised its position in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s shares.

The Wall Street analyst weighs in

Several analysts recently issued reports on the company. Mizuho boosted their price target 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. Citigroup upped their target price on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. JPMorgan Chase & Co. upped their target price on shares of Royal Caribbean Cruises from $175.00 to $210.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Goldman Sachs Group upped their target price on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus price target of $182.13, according to MarketBeat .

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Get our latest analysis on RCL

Royal Caribbean Cruises stocks rose 1.4%

Shares of RCL stock opened at $167.96 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17, and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $173.37. The stock has a market cap of $43.22 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 0.46 and a beta of 2.61. The stock has a fifty day moving average of $159.74 and a 200 day moving average of $147.76.

Royal Caribbean Cruises (NYSE:RCL – Get Free Report ) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company posted earnings per share of $1.82. The company’s revenue for the quarter was up 16.4% year over year. As a group, sell-side analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises announces dividend

The company also recently announced a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20. Royal Caribbean Cruises’ dividend payout ratio is currently 20.62%.

Insiders place their bets

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 cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the sale, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. Company insiders own 7.95% of the company’s shares.

Royal Caribbean Cruises Company Profile

(Free Report)

Royal Caribbean Cruises Ltd. operates as a worldwide cruise company. The company operates cruises under the brands Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which cover a wide range of itineraries. As of February 21, 2024, 65 ships were operating. Royal Caribbean Cruises Ltd.