Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 99.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,639 shares of the company’s stock after acquiring an additional 1,313 shares during the quarter. Benjamin Edwards Inc.’s holdings in Royal Caribbean Cruises were worth $421,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Scarborough Advisors LLC acquired a new position in shares of Royal Caribbean Cruises in the 4th quarter valued at approximately $26,000. Unique Wealth Strategies LLC bought a new stake in shares of Royal Caribbean Cruises in the second quarter worth $27,000. Creekmur Asset Management LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at $30,000. Versant Capital Management Inc boosted 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 valued at $30,000 after acquiring an additional 172 shares during the last quarter. Finally, AlphaMark Advisors LLC grew 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 worth $32,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. The Goldman Sachs Group boosted their price target on Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Truist Financial raised their price objective on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, StockNews.com lowered shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.31.

Insider Buying and Selling

In other news, CFO Naftali Holtz purchased 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $140.00 per share, with a total value of $749,000.00. Following the purchase, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Naftali Holtz acquired 5,350 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vagn O. Sorensen sold 5,800 shares of the business’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 owns 25,837 shares in the company, valued at $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Up 1.4 %

Shares of RCL stock opened at $173.99 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $174.48. The firm has a market capitalization of $44.78 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 0.49 and a beta of 2.61. The stock has a fifty day moving average of $160.46 and a two-hundred day moving average of $149.22. 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 (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping 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 net margin of 16.32% and a return on equity of 52.49%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 earnings per share. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, October 11th. Investors 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 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.