Vanguard Capital Wealth Advisors Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Vanguard Capital Wealth Advisors purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,050 shares of the company’s stock, valued at approximately $265,000.

Other institutional investors have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at $33,000. West Branch Capital LLC increased its stake in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares during the period. Blue Trust Inc. boosted its position in shares of Royal Caribbean Cruises by 367.2% during the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock worth $41,000 after purchasing an additional 246 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in shares of Royal Caribbean Cruises by 65.0% during the 3rd quarter. ST Germain D J Co. Inc. now owns 330 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the completion of the sale, the chief executive officer now owns 166,537 shares of the company’s stock, valued at approximately $19,319,957.37. The disclosure for this sale can be found here. Corporate insiders own 8.70% of the company’s stock.

Royal Caribbean Cruises Price Performance

RCL stock traded down $3.71 during trading on Tuesday, hitting $139.65. 2,945,165 shares of the stock traded hands, compared to its average volume of 2,786,185. Royal Caribbean Cruises Ltd. has a one year low of $65.10 and a one year high of $143.62. The stock has a market cap of $35.94 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 0.47 and a beta of 2.52. The company has a 50 day simple moving average of $130.74 and a 200 day simple moving average of $118.25. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 3.54.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the firm posted ($0.23) EPS. The firm’s quarterly revenue was up 29.2% on a year-over-year basis. Equities analysts expect that Royal Caribbean Cruises Ltd. will post 10.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on RCL shares. Mizuho boosted their price objective on shares of Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday. Barclays upped their price objective on shares of Royal Caribbean Cruises from $154.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday. Susquehanna increased their target price on shares of Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a report on Monday, April 1st. Finally, Morgan Stanley upped their price target on Royal Caribbean Cruises from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.76.

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.