Simon Quick Advisors LLC Boosts Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Simon Quick Advisors LLC lifted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 34.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,845 shares of the company’s stock after buying an additional 471 shares during the quarter. Simon Quick Advisors LLC’s holdings in Royal Caribbean Cruises were worth $426,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Plato Investment Management Ltd purchased a new stake in Royal Caribbean Cruises in the 3rd quarter worth approximately $26,000. Safe Harbor Fiduciary LLC bought a new position in shares of Royal Caribbean Cruises in the third quarter worth $27,000. DiNuzzo Private Wealth Inc. raised its position in shares of Royal Caribbean Cruises by 257.4% in the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after buying an additional 121 shares in the last quarter. LRI Investments LLC bought a new stake in Royal Caribbean Cruises during the third quarter valued at $31,000. Finally, ORG Wealth Partners LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter worth about $40,000. 87.53% of the stock is currently owned by institutional investors.

Royal Caribbean Cruises Price Performance

RCL 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 stock has a market capitalization of $64.10 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 0.52 and a beta of 2.59. The stock’s 50 day moving average price is $237.63 and its 200-day moving average price is $197.71. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-week high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the firm earned $3.85 EPS. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

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

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the transaction, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $1,401,812.73. Following the completion of the sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at $2,077,593.64. This represents a 40.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RCL has been the topic of several recent analyst reports. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. The Goldman Sachs Group raised their target price on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. increased their price target on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Bank of America lifted their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley increased their target price on Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $250.13.

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.