1,141 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Purchased by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,141 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Plato Investment Management Ltd purchased a new stake in shares of Royal Caribbean Cruises in the third quarter worth $26,000. DiNuzzo Private Wealth Inc. grew its position in Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares during the last quarter. Unique Wealth Strategies LLC bought a new stake in Royal Caribbean Cruises during the 2nd quarter valued at about $27,000. Versant Capital Management Inc raised its holdings in Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its stake in shares of Royal Caribbean Cruises by 233.3% in the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Barclays raised their price objective on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $220.00.

Insider Transactions at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This trade 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 this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction of $5,250,500.00. Following the transaction, the director now owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 407,405 shares of company stock worth $94,817,966 in the last three months. Insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock opened at $241.49 on Friday. 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 Ltd. has a 12 month low of $103.61 and a 12 month high of $242.20. The stock has a 50 day moving average of $201.02 and a 200 day moving average of $171.29. The firm has a market cap of $64.93 billion, a PE ratio of 24.82, a PEG ratio of 0.63 and a beta of 2.59.

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 analysts’ consensus estimates of $5.05 by $0.15. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $3.85 earnings per share. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

About Royal Caribbean Cruises

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.