Ashton Thomas Private Wealth LLC Acquires Shares of 361 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Ashton Thomas Private Wealth LLC bought a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 361 shares of the company’s stock, valued at approximately $58,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its position in Royal Caribbean Cruises by 38.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 293 shares of the company’s stock worth $47,000 after acquiring an additional 82 shares during the last quarter. Kowal Investment Group LLC boosted its stake in Royal Caribbean Cruises by 4.0% in the 1st quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock valued at $318,000 after purchasing an additional 87 shares during the period. Pitcairn Co. grew its holdings in Royal Caribbean Cruises by 3.8% in the 1st quarter. Pitcairn Co. now owns 2,376 shares of the company’s stock valued at $330,000 after buying an additional 88 shares in the last quarter. UMB Bank n.a. grew its holdings in Royal Caribbean Cruises by 5.7% in the 2nd quarter. UMB Bank n.a. now owns 1,683 shares of the company’s stock valued at $268,000 after buying an additional 91 shares in the last quarter. Finally, Midwest Financial Group LLC increased its position in Royal Caribbean Cruises by 5.6% during the 2nd quarter. Midwest Financial Group LLC now owns 1,875 shares of the company’s stock worth $299,000 after buying an additional 100 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Corporate insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on RCL. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Argus raised their price objective on Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Bank of America boosted their target price on shares of Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Susquehanna lifted their price objective on shares of Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Finally, Tigress Financial upped their target price on Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.13.

Royal Caribbean Cruises Price Performance

RCL stock opened at $167.96 on Monday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.17 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $173.37. The company has a market capitalization of $43.22 billion, a P/E ratio of 21.64, a PEG ratio of 0.46 and a beta of 2.61. The company has a fifty day moving average price of $159.74 and a 200-day moving average price of $147.94.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.45. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 EPS. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is currently 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.