Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Boosted by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,666 shares of the company’s stock after purchasing an additional 759 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Royal Caribbean Cruises were worth $927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RCL. Hsbc Holdings PLC boosted its stake in shares of Royal Caribbean Cruises by 285.6% during the 3rd quarter. Hsbc Holdings PLC now owns 23,463 shares of the company’s stock worth $2,165,000 after acquiring an additional 17,378 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Royal Caribbean Cruises by 5.8% during the 3rd quarter. LPL Financial LLC now owns 121,223 shares of the company’s stock worth $11,170,000 after acquiring an additional 6,691 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Royal Caribbean Cruises by 42.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 16,675 shares of the company’s stock worth $1,536,000 after acquiring an additional 5,001 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Royal Caribbean Cruises by 5.2% during the 3rd quarter. Treasurer of the State of North Carolina now owns 110,689 shares of the company’s stock worth $10,199,000 after acquiring an additional 5,463 shares in the last quarter. Finally, Toronto Dominion Bank bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth $13,348,000. 87.53% of the stock is owned by institutional investors.

Insider Transactions at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the transaction, the director now directly owns 179,117 shares in the company, valued at $27,576,853.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael W. Bayley sold 49,155 shares of Royal Caribbean Cruises stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $147.67, for a total value of $7,258,718.85. Following the transaction, the chief executive officer now directly owns 49,695 shares in the company, valued at $7,338,460.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Fain sold 19,584 shares of Royal Caribbean Cruises stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $153.96, for a total value of $3,015,152.64. Following the completion of the transaction, the director now owns 179,117 shares in the company, valued at $27,576,853.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,884 shares of company stock worth $22,052,985. Company insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RCL. JPMorgan Chase & Co. raised their target price on Royal Caribbean Cruises from $173.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, June 24th. Susquehanna raised their target price on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research report on Friday, April 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Macquarie raised their target price on Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, Bank of America raised their target price on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and a consensus target price of $161.13.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $159.48 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $162.50. The stock’s 50-day moving average is $147.39 and its two-hundred day moving average is $133.58. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a market cap of $41.04 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 0.48 and a beta of 2.56.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.44. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business’s revenue was up 29.2% compared to the same quarter last year. During the same period last year, the company earned ($0.23) earnings per share. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.1 earnings per share for the current fiscal year.

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.