EP Wealth Advisors LLC Invests $260,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

EP Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,632 shares of the company’s stock, valued at approximately $260,000.

Several other hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of Royal Caribbean Cruises by 0.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 164,160 shares of the company’s stock worth $21,257,000 after acquiring an additional 878 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Royal Caribbean Cruises by 2.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 8,632 shares of the company’s stock worth $1,118,000 after purchasing an additional 173 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Royal Caribbean Cruises by 15.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 34,270 shares of the company’s stock worth $4,438,000 after purchasing an additional 4,646 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Royal Caribbean Cruises by 16.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,515 shares of the company’s stock valued at $1,361,000 after purchasing an additional 1,470 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter worth $3,434,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Trading Up 3.6 %

RCL opened at $179.46 on Friday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $184.41. The firm has a market capitalization of $46.18 billion, a PE ratio of 23.13, a P/E/G ratio of 0.51 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. The company’s 50-day moving average is $162.97 and its 200 day moving average is $152.63.

Royal Caribbean Cruises (NYSE:RCL) last issued 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 in the previous year, the company posted $1.82 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

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

Wall Street Analyst Weigh In

RCL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. UBS Group raised their target price on Royal Caribbean Cruises from $168.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Mizuho lifted their target price on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Susquehanna increased their price target on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Tuesday, July 30th. Finally, Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.13.

Insiders Place Their Bets

In other news, insider Laura H. Bethge sold 3,073 shares of the stock in a transaction dated Thursday, August 29th. The shares were 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 owns 27,388 shares in the company, valued at $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the transaction, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.95% of the company’s stock.

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.