Wealthspire Advisors LLC Acquires Shares of 2,045 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Wealthspire Advisors LLC acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,045 shares of the company’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new position in Royal Caribbean Cruises during the fourth quarter worth $26,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth about $33,000. Hanseatic Management Services Inc. purchased a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth about $36,000. West Branch Capital LLC grew its holdings in Royal Caribbean Cruises by 50.0% during the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock worth $41,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Morgan Stanley boosted their target price on Royal Caribbean Cruises from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Bank of America boosted their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Macquarie upped their price target on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average target price of $146.13.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $141.04 on Friday. The company has a market cap of $36.30 billion, a PE ratio of 18.18, a P/E/G ratio of 0.42 and a beta of 2.49. The firm’s 50 day moving average price is $134.24 and its 200-day moving average price is $121.31. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a 52-week low of $73.93 and a 52-week high of $143.93.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a return on equity of 51.54% and a net margin of 14.28%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the firm earned ($0.23) EPS. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. Sell-side analysts forecast that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current fiscal year.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total transaction of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Jason T. Liberty sold 50,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Henry L. Pujol sold 9,944 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at approximately $2,356,705.01. The disclosure for this sale can be found here. Insiders have sold a total of 71,697 shares of company stock valued at $9,749,357 over the last quarter. 7.95% of the stock is owned by corporate insiders.

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.