Royal Caribbean Cruises Ltd. (NYSE:RCL) Stake Increased by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 134.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,074 shares of the company’s stock after buying an additional 616 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Royal Caribbean Cruises were worth $248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its holdings in Royal Caribbean Cruises by 104.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,571 shares of the company’s stock worth $251,000 after buying an additional 803 shares in the last quarter. ProShare Advisors LLC lifted its stake in Royal Caribbean Cruises by 1.7% during the second quarter. ProShare Advisors LLC now owns 42,133 shares of the company’s stock valued at $6,717,000 after buying an additional 724 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 30.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $236,000 after buying an additional 349 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of Royal Caribbean Cruises by 93.4% during the second quarter. Public Sector Pension Investment Board now owns 8,127 shares of the company’s stock worth $1,296,000 after purchasing an additional 3,925 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Royal Caribbean Cruises by 60.7% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,695 shares of the company’s stock valued at $7,445,000 after purchasing an additional 17,633 shares in the last quarter. 87.53% of the stock is owned by institutional investors and hedge funds.

Royal Caribbean Cruises Price Performance

Royal Caribbean Cruises stock opened at $238.40 on Friday. The stock has a 50-day moving average price of $237.63 and a two-hundred day moving average price of $197.71. Royal Caribbean Cruises Ltd. has a 12 month low of $113.10 and a 12 month high of $258.70. The company has a market capitalization of $64.10 billion, a PE ratio of 24.50, a P/E/G ratio of 0.52 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.15. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.85 earnings per share. Analysts expect that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were given a dividend of $0.55 per share. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.92%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 22.61%.

Wall Street Analysts Forecast Growth

RCL has been the subject of several recent analyst reports. Truist Financial upped their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Barclays increased their price objective on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price for the company. Citigroup boosted their price target on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company increased their target price on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Three investment 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 has an average rating of “Moderate Buy” and a consensus price target of $250.13.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. This 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 this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the 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 completion of the transaction, the director now owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 404,332 shares of company stock worth $94,299,521. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises 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.