GLOBALT Investments LLC GA Buys 142 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

GLOBALT Investments LLC GA grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,601 shares of the company’s stock after buying an additional 142 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Royal Caribbean Cruises were worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of RCL. FSM Wealth Advisors LLC lifted its holdings in Royal Caribbean Cruises by 3.2% in the third quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock valued at $290,000 after acquiring an additional 51 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Royal Caribbean Cruises by 20.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock worth $63,000 after purchasing an additional 61 shares during the period. Venture Visionary Partners LLC boosted its holdings in shares of Royal Caribbean Cruises by 4.8% in the third quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock worth $242,000 after buying an additional 62 shares during the last quarter. Empower Advisory Group LLC grew its position in Royal Caribbean Cruises by 3.7% during the third quarter. Empower Advisory Group LLC now owns 1,755 shares of the company’s stock valued at $311,000 after buying an additional 63 shares during the period. Finally, Ipswich Investment Management Co. Inc. increased its holdings in Royal Caribbean Cruises by 3.3% during the third quarter. Ipswich Investment Management Co. Inc. now owns 2,201 shares of the company’s stock valued at $390,000 after buying an additional 70 shares during the last quarter. 87.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 6,723 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the completion of the sale, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard D. Fain sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the transaction, the director now directly owns 204,521 shares in the company, valued at approximately $42,953,500.42. This trade represents a 10.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,796 shares of company stock worth $7,170,759. Company insiders own 7.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Mizuho boosted their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Truist Financial raised their price objective on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. UBS Group boosted their price objective on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays raised their target price on shares of Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $220.00.

Royal Caribbean Cruises Trading Up 0.1 %

Shares of RCL stock opened at $231.76 on Tuesday. The stock’s 50-day moving average price is $195.09 and its 200-day moving average price is $168.99. Royal Caribbean Cruises Ltd. has a 12-month low of $102.77 and a 12-month high of $238.10. The stock has a market capitalization of $62.32 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 0.61 and a beta of 2.59. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.85 EPS. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.64 EPS for the current fiscal year.

Royal Caribbean Cruises 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.