Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,717 shares of the company’s stock after buying an additional 155 shares during the period. Koshinski Asset Management Inc.’s holdings in Royal Caribbean Cruises were worth $396,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Plato Investment Management Ltd purchased a new position in shares of Royal Caribbean Cruises in the third quarter worth about $26,000. Safe Harbor Fiduciary LLC purchased a new position in Royal Caribbean Cruises in the 3rd quarter worth approximately $27,000. DiNuzzo Private Wealth Inc. boosted its holdings in shares of Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 121 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Royal Caribbean Cruises in the third quarter valued at approximately $31,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Trading Up 0.9 %

Shares of RCL stock opened at $238.40 on Friday. 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 50 day moving average price of $237.63 and a 200 day moving average price of $197.71. The stock has a market capitalization of $64.10 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 0.52 and a beta of 2.59. 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 posted its quarterly earnings data 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. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates 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 was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.85 earnings per share. Equities research analysts predict that Royal Caribbean Cruises Ltd. will post 11.66 EPS 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. Stockholders of record on Friday, December 27th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is presently 22.61%.

Insider Buying and Selling

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the 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 transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard D. Fain sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the sale, the director now owns 204,521 shares in the company, valued at approximately $42,953,500.42. This represents a 10.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 404,332 shares of company stock worth $94,299,521. Company insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

RCL has been the subject of several analyst reports. Macquarie upped their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays raised their price objective on shares of Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Bank of America increased their price target on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Truist Financial lifted their price target on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Mizuho reiterated an “outperform” rating and issued a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a research report on Thursday. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $250.13.

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.