Accurate Wealth Management LLC Purchases 352 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Accurate Wealth Management LLC increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,913 shares of the company’s stock after acquiring an additional 352 shares during the period. Accurate Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $661,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FSM Wealth Advisors LLC grew its position in Royal Caribbean Cruises by 3.2% during the 3rd quarter. FSM Wealth Advisors LLC now owns 1,636 shares of the company’s stock worth $290,000 after acquiring an additional 51 shares during the last quarter. Venturi Wealth Management LLC grew its position in Royal Caribbean Cruises by 20.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 353 shares of the company’s stock worth $63,000 after acquiring an additional 61 shares during the last quarter. Venture Visionary Partners LLC grew its position in Royal Caribbean Cruises by 4.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 1,366 shares of the company’s stock worth $242,000 after acquiring an additional 62 shares during the last quarter. Empower Advisory Group LLC grew its position in Royal Caribbean Cruises by 3.7% during the 3rd quarter. Empower Advisory Group LLC now owns 1,755 shares of the company’s stock worth $311,000 after acquiring an additional 63 shares during the last quarter. Finally, Continuum Advisory LLC grew its position in Royal Caribbean Cruises by 10.3% during the 3rd quarter. Continuum Advisory LLC now owns 705 shares of the company’s stock worth $125,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RCL. JPMorgan Chase & Co. lifted their target price on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th. Tigress Financial lifted their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price on the stock. Finally, Citigroup lifted their target price on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.25.

Royal Caribbean Cruises Stock Up 1.2 %

RCL stock opened at $232.51 on Thursday. The stock’s 50 day simple moving average is $236.64 and its 200 day simple moving average is $194.55. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $258.70. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. The company has a market cap of $62.52 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the business earned $3.85 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is currently 22.61%.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the sale, the director now directly owns 18,167,507 shares of the company’s stock, valued at $4,321,868,240.23. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 404,332 shares of company stock valued at $94,299,521. Corporate insiders own 7.95% of the company’s stock.

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.