Handelsbanken Fonder AB Grows Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Handelsbanken Fonder AB increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 131,112 shares of the company’s stock after purchasing an additional 1,946 shares during the period. Handelsbanken Fonder AB owned approximately 0.05% of Royal Caribbean Cruises worth $23,254,000 at the end of the most recent reporting period.

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

Insider Activity at Royal Caribbean Cruises

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

Royal Caribbean Cruises Stock Performance

RCL traded up $6.28 on Friday, reaching $179.44. The company had a trading volume of 1,435,726 shares, compared to its average volume of 1,828,359. The stock has a 50-day moving average price of $162.97 and a 200-day moving average price of $152.79. The stock has a market capitalization of $46.18 billion, a PE ratio of 23.12, a P/E/G ratio of 0.50 and a beta of 2.61. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $184.41. 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 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. As a group, research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.63 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

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

Analyst Ratings Changes

RCL has been the topic of several recent research reports. Citigroup upped their target price 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. Susquehanna increased their price objective 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. Macquarie boosted their target price on Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Barclays increased their price target on Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, UBS Group boosted 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. Three equities research 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, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.