7,107 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,107 shares of the company’s stock, valued at approximately $988,000.

Other institutional investors also recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter worth about $26,000. Creekmur Asset Management LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter worth about $30,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter worth about $33,000. West Branch Capital LLC lifted its stake in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter. Finally, Richardson Capital Management LLC purchased a new position in Royal Caribbean Cruises in the 1st quarter worth approximately $42,000. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded up $1.54 during mid-day trading on Friday, hitting $153.56. 3,435,885 shares of the stock were exchanged, compared to its average volume of 2,122,771. The stock’s fifty day simple moving average is $156.33 and its two-hundred day simple moving average is $138.84. The stock has a market capitalization of $39.52 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 0.45 and a beta of 2.62. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $173.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.16 and a current ratio of 0.19.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 earnings per share. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.4 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th.

Analysts Set New Price Targets

RCL has been the topic of a number of research reports. Truist Financial raised their target price on shares of Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. The Goldman Sachs Group upped their price target on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Mizuho upped their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group upped their price target on Royal Caribbean Cruises from $154.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Finally, Susquehanna upped their price target on Royal Caribbean Cruises from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Friday, April 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.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $172.25.

Insider Transactions at Royal Caribbean Cruises

In other 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 owns 16,687 shares in the company, valued at $2,356,705.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Henry L. Pujol sold 9,944 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were 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 owns 16,687 shares in the company, valued at $2,356,705.01. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard D. Fain sold 19,584 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the completion of the sale, the director now owns 179,117 shares of the company’s stock, valued at approximately $27,576,853.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,884 shares of company stock worth $15,071,485. Company insiders own 7.95% of the company’s stock.

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.