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

Accurate Wealth Management LLC raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,913 shares of the company’s stock after purchasing an additional 352 shares during the period. Accurate Wealth Management LLC’s holdings in Royal Caribbean Cruises were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quantum Financial Advisors LLC bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $245,000. BCS Wealth Management bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $227,000. Friedenthal Financial bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $770,000. Claro Advisors LLC bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $337,000. Finally, Cooper Financial Group bought a new position in Royal Caribbean Cruises during the fourth quarter valued at $277,000. 87.53% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Richard D. Fain sold 25,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $210.02, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Tigress Financial increased their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Citigroup increased their target price on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Barclays increased their target price on Royal Caribbean Cruises from $245.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price on the stock. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $243.25.

Royal Caribbean Cruises Stock Up 1.2 %

RCL opened at $232.51 on Thursday. The stock has a market cap of $62.52 billion, a PE ratio of 23.90, a P/E/G ratio of 0.65 and a beta of 2.59. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 52 week low of $113.10 and a 52 week high of $258.70. The business’s fifty day simple moving average is $236.64 and its 200 day simple moving average is $194.55.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.85 earnings per share. As a group, 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. Stockholders of record on Friday, December 27th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.95%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 22.61%.

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.