Waldron Private Wealth LLC Grows Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Waldron Private Wealth LLC lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,435 shares of the company’s stock after buying an additional 127 shares during the period. Waldron Private Wealth LLC’s holdings in Royal Caribbean Cruises were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC lifted its position in Royal Caribbean Cruises by 20.7% during 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 in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Royal Caribbean Cruises by 12.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 6,666 shares of the company’s stock valued at $927,000 after purchasing an additional 759 shares in the last quarter. Richardson Capital Management LLC purchased a new position in Royal Caribbean Cruises during the first quarter valued at $42,000. SteelPeak Wealth LLC purchased a new position in Royal Caribbean Cruises during the first quarter valued at $701,000. Finally, Kowal Investment Group LLC lifted its position in Royal Caribbean Cruises by 4.0% during the first quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock valued at $318,000 after purchasing an additional 87 shares in the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 1.8 %

Shares of NYSE RCL opened at $203.42 on Wednesday. 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 firm 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. The stock has a 50 day moving average price of $173.72 and a 200 day moving average price of $157.85. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $204.37.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 earnings per share. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

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

Insiders Place Their Bets

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares of the company’s stock, valued at approximately $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the transaction, the director now directly owns 25,837 shares in the company, valued at approximately $4,095,164.50. 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 company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RCL shares. JPMorgan Chase & Co. boosted their price objective on Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Macquarie boosted their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Citigroup boosted their price objective on Royal Caribbean Cruises from $204.00 to $253.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Mizuho boosted their price objective on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus boosted their price objective on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and a consensus target price of $192.13.

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.