Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,613 shares of the company’s stock after selling 1,627 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Royal Caribbean Cruises were worth $3,286,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In other news, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises 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 completion of the purchase, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at $6,755,840. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vagn O. Sorensen sold 5,800 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were 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 approximately $4,095,164.50. The disclosure for this sale can be found here. Corporate insiders own 7.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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. Citigroup raised their price objective on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Morgan Stanley lifted their target price on shares of Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Argus increased their price target on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Stifel Nicolaus lifted their price objective on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.31.

Royal Caribbean Cruises Price Performance

Shares of NYSE RCL opened at $171.61 on Friday. The stock has a market capitalization of $44.16 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 0.47 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 52 week low of $78.35 and a 52 week high of $173.40. The firm has a 50-day simple moving average of $160.31 and a 200-day simple moving average of $148.88. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20.

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

Royal Caribbean Cruises Dividend Announcement

The business also recently announced a — dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a $0.40 dividend. The ex-dividend date 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.