Global Retirement Partners LLC Has $362,000 Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Global Retirement Partners LLC raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,042 shares of the company’s stock after acquiring an additional 249 shares during the period. Global Retirement Partners LLC’s holdings in Royal Caribbean Cruises were worth $362,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RCL. Park Avenue Securities LLC boosted its position in shares of Royal Caribbean Cruises by 20.7% during the first quarter. Park Avenue Securities LLC now owns 6,742 shares of the company’s stock valued at $937,000 after buying an additional 1,157 shares during the last quarter. &PARTNERS purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $307,000. Ballentine Partners LLC boosted its position in shares of Royal Caribbean Cruises by 2.7% during the first quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock valued at $598,000 after buying an additional 115 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Royal Caribbean Cruises by 1,756.7% during the first quarter. Harbor Investment Advisory LLC now owns 2,785 shares of the company’s stock valued at $387,000 after buying an additional 2,635 shares during the last quarter. Finally, Riverview Trust Co purchased a new position in shares of Royal Caribbean Cruises during the first quarter valued at approximately $124,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity

In related news, CFO Naftali Holtz purchased 5,350 shares of Royal Caribbean Cruises stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now directly owns 27,388 shares in the company, valued at $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. This represents 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 company insiders.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $199.93 on Tuesday. The firm has a market cap of $51.45 billion, a PE ratio of 25.76, a PEG ratio of 0.57 and a beta of 2.61. The stock’s fifty day moving average price is $172.75 and its two-hundred day moving average price is $157.37. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a 1 year low of $78.35 and a 1 year high of $204.37.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly 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 company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. On average, equities research analysts forecast that Royal Caribbean Cruises Ltd. will post 11.6 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Bank of America lifted their target price on Royal Caribbean Cruises from $145.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Susquehanna lifted 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. The Goldman Sachs Group lifted their price target on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Truist Financial lifted their price target on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Macquarie lifted their price target on Royal Caribbean Cruises from $165.00 to $189.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with 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 target price of $189.06.

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.