Capital Investment Advisory Services LLC Invests $215,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Capital Investment Advisory Services LLC bought a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the fourth quarter, Holdings Channel reports. The firm bought 933 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of Royal Caribbean Cruises by 144.4% in the second quarter. NewEdge Advisors LLC now owns 14,115 shares of the company’s stock valued at $2,250,000 after purchasing an additional 8,340 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 2nd quarter valued at approximately $260,000. Truist Financial Corp increased its position in Royal Caribbean Cruises by 19.2% in the 2nd quarter. Truist Financial Corp now owns 20,958 shares of the company’s stock worth $3,341,000 after buying an additional 3,369 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Royal Caribbean Cruises by 5.9% during the second quarter. Cetera Investment Advisers now owns 51,097 shares of the company’s stock worth $8,146,000 after buying an additional 2,856 shares during the last quarter. Finally, Dana Investment Advisors Inc. bought a new stake in shares of Royal Caribbean Cruises in the second quarter valued at approximately $325,000. Institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RCL. Tigress Financial boosted their target price on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial boosted their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Morgan Stanley raised their price objective on Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 8th. Finally, Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.19.

Insider Transactions at Royal Caribbean Cruises

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’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 in the company, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 372,609 shares of company stock worth $87,647,208. Insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 3.0 %

Shares of RCL stock opened at $266.48 on Friday. The company has a market capitalization of $71.65 billion, a P/E ratio of 24.93, a P/E/G ratio of 0.55 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $277.08. The company has a quick ratio of 0.16, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The firm has a 50-day moving average price of $239.86 and a 200 day moving average price of $201.20.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period in the previous year, the company earned $1.25 earnings per share. Research analysts forecast that Royal Caribbean Cruises Ltd. will post 15 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is currently 20.58%.

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.