Menard Financial Group LLC Buys 606 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Menard Financial Group LLC increased its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 20.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,539 shares of the company’s stock after acquiring an additional 606 shares during the quarter. Menard Financial Group LLC’s holdings in Royal Caribbean Cruises were worth $564,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RCL. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter valued at $27,000. Versant Capital Management Inc raised its position in shares of Royal Caribbean Cruises by 905.3% in the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after buying an additional 172 shares in the last quarter. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter valued at $26,000. AlphaMark Advisors LLC boosted its stake in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares during the period. Finally, Creekmur Asset Management LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America lifted their price target on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Citigroup lifted their target price on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Truist Financial increased their price target on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $182.13.

Royal Caribbean Cruises Stock Up 1.4 %

Shares of Royal Caribbean Cruises stock opened at $167.96 on Monday. The company’s 50 day moving average price is $159.74 and its 200-day moving average price is $147.94. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $173.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. The stock has a market capitalization of $43.22 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 0.47 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The company’s revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. Equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th.

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.