Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Kessler Investment Group LLC

Kessler Investment Group LLC decreased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 88.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,945 shares of the company’s stock after selling 38,950 shares during the period. Kessler Investment Group LLC’s holdings in Royal Caribbean Cruises were worth $877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RCL. Park Avenue Securities LLC increased its stake in Royal Caribbean Cruises by 20.7% in the first quarter. Park Avenue Securities LLC now owns 6,742 shares of the company’s stock valued at $937,000 after purchasing an additional 1,157 shares during the period. &PARTNERS acquired a new stake in shares of Royal Caribbean Cruises during the first quarter worth $307,000. Ballentine Partners LLC grew its position in Royal Caribbean Cruises by 2.7% in the 1st quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock valued at $598,000 after buying an additional 115 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in Royal Caribbean Cruises by 1,756.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 2,785 shares of the company’s stock valued at $387,000 after buying an additional 2,635 shares during the period. Finally, Riverview Trust Co purchased a new position in Royal Caribbean Cruises during the 1st quarter worth $124,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.5 %

NYSE:RCL traded up $1.06 during trading hours on Tuesday, reaching $200.97. 156,320 shares of the company were exchanged, compared to its average volume of 2,400,019. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $204.37. The stock has a 50 day simple moving average of $172.75 and a 200 day simple moving average of $157.37. The firm has a market cap of $51.72 billion, a price-to-earnings ratio of 21.80, 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 (NYSE:RCL) last released its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $1.82 EPS. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a — dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 17.45%.

Insider Activity at Royal Caribbean Cruises

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 16th. UBS Group lifted their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Truist Financial increased their target price on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Morgan Stanley upped their price objective on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $189.06.

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.