Atomi Financial Group Inc. Grows Stake in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Atomi Financial Group Inc. boosted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,806 shares of the company’s stock after purchasing an additional 204 shares during the quarter. Atomi Financial Group Inc.’s holdings in Royal Caribbean Cruises were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RCL. Benjamin F. Edwards & Company Inc. increased its holdings in Royal Caribbean Cruises by 104.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,571 shares of the company’s stock worth $251,000 after purchasing an additional 803 shares during the period. ProShare Advisors LLC increased its holdings in Royal Caribbean Cruises by 1.7% during the 2nd quarter. ProShare Advisors LLC now owns 42,133 shares of the company’s stock worth $6,717,000 after purchasing an additional 724 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Royal Caribbean Cruises by 30.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock worth $236,000 after purchasing an additional 349 shares during the period. Public Sector Pension Investment Board increased its holdings in Royal Caribbean Cruises by 93.4% during the 2nd 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 increased its holdings in shares of Royal Caribbean Cruises by 60.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,695 shares of the company’s stock valued at $7,445,000 after acquiring an additional 17,633 shares during the period. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 0.9 %

Royal Caribbean Cruises stock opened at $238.40 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The business’s 50-day simple moving average is $237.63 and its two-hundred day simple moving average is $197.71. The company has a market cap of $64.10 billion, a PE ratio of 24.50, a PEG ratio of 0.52 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly 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. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.85 EPS. Equities analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were paid a $0.55 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.92%. Royal Caribbean Cruises’s payout ratio is 22.61%.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares in the company, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 404,332 shares of company stock worth $94,299,521 over the last quarter. 7.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RCL shares. Bank of America lifted their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Macquarie lifted their price target on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Tigress Financial lifted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Three investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.13.

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.