Pinnacle Wealth Management Advisory Group LLC Boosts Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 11.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,832 shares of the company’s stock after buying an additional 292 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Royal Caribbean Cruises were worth $367,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in RCL. Nordea Investment Management AB increased its position in shares of Royal Caribbean Cruises by 120.9% during the fourth quarter. Nordea Investment Management AB now owns 194,018 shares of the company’s stock worth $25,149,000 after acquiring an additional 106,203 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Royal Caribbean Cruises by 1,672.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 18,845 shares of the company’s stock worth $2,440,000 after buying an additional 17,782 shares during the last quarter. Retireful LLC acquired a new position in Royal Caribbean Cruises in the fourth quarter worth $1,977,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Royal Caribbean Cruises during the fourth quarter valued at approximately $1,120,000. Finally, Yousif Capital Management LLC lifted its holdings in shares of Royal Caribbean Cruises by 38.0% during the 4th quarter. Yousif Capital Management LLC now owns 45,135 shares of the company’s stock valued at $5,845,000 after buying an additional 12,429 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RCL shares. UBS Group upped their target price on Royal Caribbean Cruises from $148.00 to $154.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Wells Fargo & Company upped their price target on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Bank of America lifted their price objective on Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Mizuho lifted their price target on Royal Caribbean Cruises from $164.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $146.13.

Royal Caribbean Cruises Price Performance

RCL stock traded down $0.12 during midday trading on Thursday, reaching $141.56. 586,484 shares of the company’s stock traded hands, compared to its average volume of 2,734,354. The company has a 50-day simple moving average of $133.15 and a two-hundred day simple moving average of $120.60. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. The company has a market cap of $36.43 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 0.41 and a beta of 2.49. Royal Caribbean Cruises Ltd. has a 1-year low of $73.93 and a 1-year high of $143.93.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Thursday, April 25th. The company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company posted ($0.23) EPS. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.15 earnings per share for the current year.

Insider Activity at Royal Caribbean Cruises

In other news, CEO Jason T. Liberty sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of Royal Caribbean Cruises stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $139.63, for a total value of $6,981,500.00. Following the completion of the sale, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael W. Bayley sold 11,753 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $116.01, for a total transaction of $1,363,465.53. Following the transaction, the chief executive officer now directly owns 166,537 shares in the company, valued at $19,319,957.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,697 shares of company stock valued at $9,749,357. 7.95% of the stock is owned by corporate insiders.

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.