Trustmark National Bank Trust Department Invests $202,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

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

Several other institutional investors also recently added to or reduced their stakes in RCL. Dimensional Fund Advisors LP increased its stake in shares of Royal Caribbean Cruises by 24.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after buying an additional 400,565 shares during the period. D1 Capital Partners L.P. increased its position in Royal Caribbean Cruises by 105.7% during the 2nd quarter. D1 Capital Partners L.P. now owns 1,512,103 shares of the company’s stock valued at $241,075,000 after purchasing an additional 777,103 shares during the period. Swiss National Bank raised its holdings in shares of Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after purchasing an additional 3,800 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Royal Caribbean Cruises by 0.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 570,587 shares of the company’s stock valued at $90,969,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Royal Caribbean Cruises by 4.5% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 498,118 shares of the company’s stock worth $79,415,000 after purchasing an additional 21,326 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

In related news, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’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 transaction, the director now owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. This represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 407,405 shares of company stock valued at $94,817,966. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

Shares of RCL opened at $241.49 on Friday. The company has a market capitalization of $64.93 billion, a P/E ratio of 24.82, a P/E/G ratio of 0.63 and a beta of 2.59. The business’s 50-day moving average is $201.02 and its two-hundred day moving average is $171.29. 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 $103.61 and a fifty-two week high of $242.20.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the business earned $3.85 earnings per share. Royal Caribbean Cruises’s quarterly revenue was up 17.5% on a year-over-year basis. Research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current year.

Analysts Set New Price Targets

RCL has been the topic of several research reports. Wells Fargo & Company lifted their price objective 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. JPMorgan Chase & Co. upped their price objective on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Morgan Stanley lifted their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Macquarie increased their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays lifted their price objective on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.00.

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.