CWA Asset Management Group LLC Has $760,000 Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

CWA Asset Management Group LLC boosted its holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,296 shares of the company’s stock after purchasing an additional 202 shares during the period. CWA Asset Management Group LLC’s holdings in Royal Caribbean Cruises were worth $760,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RCL. Everence Capital Management Inc. raised its holdings in shares of Royal Caribbean Cruises by 8.2% in the 4th quarter. Everence Capital Management Inc. now owns 7,000 shares of the company’s stock worth $1,615,000 after buying an additional 530 shares in the last quarter. GAMMA Investing LLC grew its position in Royal Caribbean Cruises by 11.1% in the fourth quarter. GAMMA Investing LLC now owns 6,340 shares of the company’s stock valued at $1,463,000 after acquiring an additional 633 shares during the period. Versant Capital Management Inc raised its stake in Royal Caribbean Cruises by 58.0% during the fourth quarter. Versant Capital Management Inc now owns 545 shares of the company’s stock worth $126,000 after acquiring an additional 200 shares in the last quarter. First Financial Bank Trust Division lifted its holdings in shares of Royal Caribbean Cruises by 0.8% during the fourth quarter. First Financial Bank Trust Division now owns 18,507 shares of the company’s stock valued at $4,269,000 after acquiring an additional 148 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Royal Caribbean Cruises in the 3rd quarter valued at $1,447,000. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the transaction, the chief accounting officer now owns 9,964 shares of the company’s stock, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction 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 in the company, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is currently owned by company insiders.

Royal Caribbean Cruises Price Performance

Shares of RCL stock opened at $225.11 on Wednesday. The firm’s 50 day moving average price is $234.54 and its two-hundred day moving average price is $192.14. The stock has a market cap of $60.53 billion, a PE ratio of 23.14, a PEG ratio of 0.65 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-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.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS 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 during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the firm earned $3.85 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. As a group, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Friday, December 27th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, December 27th. Royal Caribbean Cruises’s payout ratio is 22.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on shares of Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Bank of America raised their price target on Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 price objective on the stock. Finally, Barclays raised their target price on Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.75.

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.