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

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

Several other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its stake in Royal Caribbean Cruises by 104.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,571 shares of the company’s stock valued at $251,000 after purchasing an additional 803 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 1.7% during the second quarter. ProShare Advisors LLC now owns 42,133 shares of the company’s stock valued at $6,717,000 after buying an additional 724 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 30.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,507 shares of the company’s stock valued at $236,000 after buying an additional 349 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Royal Caribbean Cruises by 93.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 8,127 shares of the company’s stock worth $1,296,000 after buying an additional 3,925 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Royal Caribbean Cruises by 60.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 46,695 shares of the company’s stock worth $7,445,000 after buying an additional 17,633 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RCL has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their target price on shares of 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. Tigress Financial raised their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Barclays upped their price objective on Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $250.13.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $238.40 on Friday. The company has a market capitalization of $64.10 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.52 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. The firm’s 50 day simple moving average is $237.63 and its two-hundred day simple moving average is $197.71. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share 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 company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the company earned $3.85 EPS. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% on a year-over-year basis. Research analysts expect that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

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

Insider Buying and Selling

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the transaction, the director now directly owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is owned by corporate insiders.

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.