Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Waldron Private Wealth LLC

Waldron Private Wealth LLC boosted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,435 shares of the company’s stock after purchasing an additional 127 shares during the period. Waldron Private Wealth LLC’s holdings in Royal Caribbean Cruises were worth $432,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Capital International Investors boosted its stake in shares of Royal Caribbean Cruises by 1.0% during the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock worth $4,114,203,000 after acquiring an additional 286,868 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Royal Caribbean Cruises by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock worth $3,532,143,000 after acquiring an additional 132,079 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Royal Caribbean Cruises by 24.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock worth $326,616,000 after acquiring an additional 400,565 shares in the last quarter. D1 Capital Partners L.P. boosted its stake in shares of Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock worth $241,075,000 after acquiring an additional 777,103 shares in the last quarter. Finally, Capital International Inc. CA boosted its stake in shares of Royal Caribbean Cruises by 3.3% during the 1st quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock worth $83,672,000 after acquiring an additional 19,065 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RCL shares. Citigroup increased their target price on shares of Royal Caribbean Cruises from $204.00 to $253.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Truist Financial raised their price target on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Susquehanna raised their price target on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Morgan Stanley raised their price target on shares of 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. Finally, The Goldman Sachs Group raised their price target on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.13.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CFO Naftali Holtz bought 5,350 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was 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 owns 48,256 shares in the company, valued at approximately $6,755,840. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. This represents 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 currently owned by corporate insiders.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $203.42 on Wednesday. The company has a 50-day simple moving average of $173.72 and a 200-day simple moving average of $157.85. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $204.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a market capitalization of $52.35 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 0.57 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly 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. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 earnings per share. On average, analysts predict that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a — dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 20th were issued a $0.40 dividend. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 17.45%.

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.