SOA Wealth Advisors LLC. Grows Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

SOA Wealth Advisors LLC. grew its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 33.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 300 shares of the company’s stock after acquiring an additional 75 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Royal Caribbean Cruises were worth $53,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Plato Investment Management Ltd acquired a new stake in shares of Royal Caribbean Cruises during the third quarter worth about $26,000. Unique Wealth Strategies LLC purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at $27,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Royal Caribbean Cruises in the third quarter worth $27,000. DiNuzzo Private Wealth Inc. raised its holdings 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 worth $30,000 after purchasing an additional 121 shares during the last quarter. Finally, LRI Investments LLC purchased a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the transaction, the director now owns 204,521 shares of the company’s stock, valued at $42,953,500.42. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the transaction, the executive vice president now owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Trading Down 0.6 %

RCL opened at $244.16 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company’s 50 day simple moving average is $219.63 and its two-hundred day simple moving average is $180.79. The firm has a market capitalization of $65.65 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $258.70.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.85 earnings per share. Analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Bank of America increased their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group boosted their price target on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Three investment 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 has an average rating of “Moderate Buy” and a consensus target price of $237.13.

Get Our Latest Stock Report on Royal Caribbean Cruises

About Royal Caribbean Cruises

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

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