Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Ignite Planners LLC

Ignite Planners LLC raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,856 shares of the company’s stock after purchasing an additional 77 shares during the quarter. Ignite Planners LLC’s holdings in Royal Caribbean Cruises were worth $329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Scarborough Advisors LLC bought a new stake in Royal Caribbean Cruises during the fourth quarter worth approximately $26,000. Unique Wealth Strategies LLC bought a new position in Royal Caribbean Cruises during the second quarter valued at about $27,000. Creekmur Asset Management LLC bought a new position in Royal Caribbean Cruises during the fourth quarter valued at about $30,000. Versant Capital Management Inc boosted its stake in Royal Caribbean Cruises by 905.3% during the second quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 172 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in Royal Caribbean Cruises by 233.3% during the second quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock valued at $32,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 2.0 %

Shares of NYSE RCL opened at $183.45 on Wednesday. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $184.88. The firm has a market capitalization of $47.21 billion, a PE ratio of 23.64, a PEG ratio of 0.50 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The business has a 50-day moving average price of $163.47 and a two-hundred day moving average price of $153.22.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company posted $1.82 EPS. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, analysts predict that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid 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 Transactions at Royal Caribbean Cruises

In other news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the sale, the director now directly owns 25,837 shares of the company’s stock, valued at $4,095,164.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Naftali Holtz purchased 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the purchase, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on RCL shares. Susquehanna raised their target price on Royal Caribbean Cruises from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Tuesday, July 30th. Citigroup raised their target price on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. UBS Group raised their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their target price on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $184.13.

About Royal Caribbean Cruises

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.