World Investment Advisors LLC Acquires New Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL)

World Investment Advisors LLC bought a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 40,072 shares of the company’s stock, valued at approximately $7,107,000.

Several other large investors have also recently bought and sold shares of the company. Plato Investment Management Ltd bought a new stake in shares of Royal Caribbean Cruises during the third quarter worth about $26,000. Unique Wealth Strategies LLC bought a new stake in Royal Caribbean Cruises during the 2nd quarter worth approximately $27,000. Safe Harbor Fiduciary LLC acquired a new position in Royal Caribbean Cruises in the 3rd quarter valued at approximately $27,000. DiNuzzo Private Wealth Inc. raised its stake in shares of Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 121 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Royal Caribbean Cruises during the third quarter worth $31,000. 87.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup raised their target price on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America raised their price objective on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Truist Financial increased their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Macquarie boosted their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $237.13.

Royal Caribbean Cruises Stock Down 0.6 %

RCL stock opened at $244.16 on Friday. The stock’s 50 day simple moving average is $221.05 and its 200 day simple moving average is $181.23. The company has a market cap of $65.65 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. 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 issued its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the firm earned $3.85 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is currently 16.44%.

Insider Transactions at Royal Caribbean Cruises

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