Gateway Advisory LLC Purchases Shares of 4,455 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Gateway Advisory LLC acquired a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,455 shares of the company’s stock, valued at approximately $710,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Unique Wealth Strategies LLC purchased a new position in shares of Royal Caribbean Cruises during the second quarter worth $27,000. Versant Capital Management Inc lifted its stake in Royal Caribbean Cruises by 905.3% during the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after acquiring an additional 172 shares in the last quarter. Scarborough Advisors LLC purchased a new position in Royal Caribbean Cruises during the 4th quarter valued at about $26,000. AlphaMark Advisors LLC boosted its holdings in Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after acquiring an additional 140 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on RCL shares. Barclays increased their price target on shares of Royal Caribbean Cruises from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Stifel Nicolaus raised their price target on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, July 19th. UBS Group upped their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Finally, StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $182.31.

Royal Caribbean Cruises Trading Up 1.1 %

NYSE RCL opened at $175.96 on Tuesday. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a 12 month low of $78.35 and a 12 month high of $176.13. The company has a market capitalization of $45.28 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 0.49 and a beta of 2.61. The firm’s fifty day moving average price is $160.63 and its 200 day moving average price is $149.90.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.45. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. On average, sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.62%.

Insider Activity

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

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.