Atlantic Edge Private Wealth Management LLC Acquires 100 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 100.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 200 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $46,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RCL. International Assets Investment Management LLC grew its stake in shares of Royal Caribbean Cruises by 10,599.0% during the 3rd quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after acquiring an additional 406,048 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Royal Caribbean Cruises by 138.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock worth $28,703,000 after acquiring an additional 93,899 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth approximately $14,544,000. Dakota Wealth Management grew its stake in shares of Royal Caribbean Cruises by 3,935.2% during the 3rd quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock worth $13,635,000 after acquiring an additional 74,966 shares in the last quarter. Finally, Mizuho Securities USA LLC grew its stake in shares of Royal Caribbean Cruises by 372.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after acquiring an additional 68,008 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $261.14 on Tuesday. The business’s 50-day moving average price is $242.64 and its two-hundred day moving average price is $205.82. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $277.08. The stock has a market cap of $70.22 billion, a P/E ratio of 24.43, a PEG ratio of 1.00 and a beta of 2.59. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a return on equity of 48.97% and a net margin of 17.46%. During the same quarter last year, the business posted $1.25 EPS. As a group, equities analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced 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 0.84%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is presently 20.58%.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the completion of the sale, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises 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 completion of the sale, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 372,609 shares of company stock worth $87,647,208. 7.95% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on RCL. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective for the company. JPMorgan Chase & Co. raised their price target on Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Bank of America raised their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Citigroup raised their price target on Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. 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. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Royal Caribbean Cruises presently has a consensus rating of “Moderate Buy” and an average price target of $284.12.

Royal Caribbean Cruises 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.