Sound Income Strategies LLC Buys 100 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Sound Income Strategies LLC increased its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 25.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 486 shares of the company’s stock after purchasing an additional 100 shares during the period. Sound Income Strategies LLC’s holdings in Royal Caribbean Cruises were worth $86,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $765,000. Syon Capital LLC acquired a new position in Royal Caribbean Cruises during the fourth quarter valued at approximately $306,000. American International Group Inc. lifted its stake in Royal Caribbean Cruises by 3.6% during the fourth quarter. American International Group Inc. now owns 65,234 shares of the company’s stock worth $8,447,000 after purchasing an additional 2,255 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the 4th quarter valued at $26,000. Finally, Creekmur Asset Management LLC bought a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of several research analyst reports. Morgan Stanley raised their price objective 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 upped their price objective on shares of Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Barclays raised their target price on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Tigress Financial upped their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Bank of America raised their price objective on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $189.06.

Insiders Place Their Bets

In other news, Director Vagn O. Sorensen sold 5,800 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now owns 25,837 shares in the company, valued at approximately $4,095,164.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the sale, the insider now owns 27,388 shares in the company, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $158.50, for a total transaction of $919,300.00. Following the transaction, the director now owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of Royal Caribbean Cruises stock opened at $196.98 on Tuesday. The business has a 50-day moving average price of $167.91 and a two-hundred day moving average price of $155.16. Royal Caribbean Cruises Ltd. has a 1-year low of $78.35 and a 1-year high of $197.94. 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 cap of $50.69 billion, a P/E ratio of 25.38, a PEG ratio of 0.55 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

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

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.