World Investment Advisors LLC Purchases Shares of 40,072 Royal Caribbean Cruises Ltd. (NYSE:RCL)

World Investment Advisors LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 40,072 shares of the company’s stock, valued at approximately $7,107,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd acquired a new stake in Royal Caribbean Cruises in the 3rd quarter valued at $26,000. Unique Wealth Strategies LLC bought a new position in shares of Royal Caribbean Cruises in the 2nd quarter valued at about $27,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Royal Caribbean Cruises in the third quarter valued at about $27,000. DiNuzzo Private Wealth Inc. boosted its position in 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 purchasing an additional 121 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Royal Caribbean Cruises in the third quarter valued at approximately $31,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RCL. Barclays raised their target price on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Bank of America raised their price objective on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus price target of $237.13.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the sale, the director now directly owns 204,521 shares in the company, valued at $42,953,500.42. This trade represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock worth $94,299,521 over the last three months. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $244.16 on Friday. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $258.70. The firm has a 50-day moving average price of $221.05 and a two-hundred day moving average price of $181.23. The company has a market capitalization of $65.65 billion, a P/E ratio of 25.09, a P/E/G ratio of 0.65 and a beta of 2.59. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the firm earned $3.85 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 17.5% compared to the same quarter last year. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Friday, December 27th will be paid a $0.55 dividend. The ex-dividend date is Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.90%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is 16.44%.

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.