Wiser Advisor Group LLC Increases Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Wiser Advisor Group LLC boosted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,274 shares of the company’s stock after purchasing an additional 87 shares during the quarter. Wiser Advisor Group LLC’s holdings in Royal Caribbean Cruises were worth $226,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its holdings in Royal Caribbean Cruises by 2.6% during the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after purchasing an additional 7,298 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Royal Caribbean Cruises by 17.2% in the 2nd quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock valued at $6,156,000 after buying an additional 5,655 shares in the last quarter. Souders Financial Advisors acquired a new stake in Royal Caribbean Cruises in the 3rd quarter worth about $800,000. Swiss National Bank increased its stake in Royal Caribbean Cruises by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after buying an additional 3,800 shares in the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new position in shares of Royal Caribbean Cruises during the second quarter valued at approximately $611,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Royal Caribbean Cruises

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now directly owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 407,405 shares of company stock worth $94,817,966. 7.95% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays boosted their price target on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Royal Caribbean Cruises from $220.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. UBS Group increased their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial boosted their target price on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Royal Caribbean Cruises currently has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Royal Caribbean Cruises Trading Down 0.6 %

RCL stock traded down $1.33 during mid-day trading on Monday, hitting $240.16. 111,474 shares of the company were exchanged, compared to its average volume of 2,349,481. The business has a fifty day simple moving average of $201.02 and a 200-day simple moving average of $171.70. The firm has a market capitalization of $64.57 billion, a P/E ratio of 24.82, a PEG ratio of 0.64 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 12-month low of $103.99 and a 12-month high of $243.55. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter last year, the firm earned $3.85 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

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.