Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 23,372 shares of the company’s stock after buying an additional 267 shares during the period. Sequoia Financial Advisors LLC’s holdings in Royal Caribbean Cruises were worth $3,726,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $26,000. Creekmur Asset Management LLC acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth approximately $30,000. Versant Capital Management Inc grew its position in Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after purchasing an additional 172 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Royal Caribbean Cruises in the 4th quarter worth approximately $33,000. Finally, Richardson Capital Management LLC purchased a new position in shares of Royal Caribbean Cruises during the 1st quarter valued at $42,000. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Down 0.3 %

Shares of RCL traded down $0.48 during trading hours on Tuesday, reaching $153.38. The stock had a trading volume of 497,766 shares, compared to its average volume of 2,605,216. The firm has a 50-day simple moving average of $156.84 and a 200 day simple moving average of $141.10. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $173.37. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The company has a market capitalization of $39.47 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 0.42 and a beta of 2.62.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping the consensus estimate of $2.76 by $0.45. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is currently 20.62%.

Analyst Ratings Changes

A number of research analysts have commented on RCL shares. Argus boosted their target price on Royal Caribbean Cruises from $161.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company boosted their price target on Royal Caribbean Cruises from $159.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price target on Royal Caribbean Cruises from $175.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Macquarie raised their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $182.13.

Insider Buying and Selling at Royal Caribbean Cruises

In related news, CEO Michael W. Bayley sold 49,155 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $147.67, for a total value of $7,258,718.85. Following the sale, the chief executive officer now directly owns 49,695 shares in the company, valued at approximately $7,338,460.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Royal Caribbean Cruises news, CEO Michael W. Bayley sold 49,155 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $147.67, for a total value of $7,258,718.85. Following the sale, the chief executive officer now owns 49,695 shares of the company’s stock, valued at approximately $7,338,460.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael W. Bayley sold 24,201 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $140.21, for a total value of $3,393,222.21. Following the completion of the transaction, the chief executive officer now directly owns 98,850 shares of the company’s stock, valued at approximately $13,859,758.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,940 shares of company stock valued at $13,667,094. Company 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.