AA Financial Advisors LLC Acquires 129 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

AA Financial Advisors LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,058 shares of the company’s stock after acquiring an additional 129 shares during the period. AA Financial Advisors LLC’s holdings in Royal Caribbean Cruises were worth $475,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RCL. Plato Investment Management Ltd bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Royal Caribbean Cruises during the third quarter valued at about $27,000. DiNuzzo Private Wealth Inc. increased its position 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 valued at $30,000 after buying an additional 121 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of Royal Caribbean Cruises in the fourth quarter worth about $40,000. Finally, LRI Investments LLC bought a new position in shares of Royal Caribbean Cruises in the third quarter valued at approximately $31,000. 87.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RCL shares. JPMorgan Chase & Co. upped their target price on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Citigroup upped their price target on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group dropped their price objective on Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Argus upped their target price on Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Truist Financial raised their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Three equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.19.

Royal Caribbean Cruises Trading Up 2.2 %

Shares of RCL opened at $274.94 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $275.05. The firm has a market cap of $73.93 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 0.55 and a beta of 2.59. The firm has a 50 day moving average price of $239.12 and a 200-day moving average price of $200.69. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.16 and a current ratio of 0.17.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same period in the prior year, the firm earned $1.25 earnings per share. As a group, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 15 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is presently 20.58%.

Insider Activity at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of Royal Caribbean Cruises stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction 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. The trade was a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 372,609 shares of company stock worth $87,647,208 in the last ninety days. 7.95% of the stock is owned by company 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.