Everpar Advisors LLC Invests $248,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Everpar Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,074 shares of the company’s stock, valued at approximately $248,000.

Several other hedge funds also recently bought and sold shares of RCL. D1 Capital Partners L.P. boosted its stake in shares of Royal Caribbean Cruises by 3.8% during the third quarter. D1 Capital Partners L.P. now owns 1,570,262 shares of the company’s stock valued at $278,502,000 after purchasing an additional 58,159 shares during the period. Swiss National Bank boosted its position in Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock valued at $128,699,000 after buying an additional 3,800 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in Royal Caribbean Cruises by 2.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company’s stock worth $104,918,000 after acquiring an additional 13,520 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Royal Caribbean Cruises by 4.0% during the second quarter. APG Asset Management N.V. now owns 461,762 shares of the company’s stock worth $68,690,000 after acquiring an additional 17,601 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of Royal Caribbean Cruises by 10,599.0% during the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock valued at $72,696,000 after acquiring an additional 406,048 shares in the last quarter. Institutional investors own 87.53% of the company’s stock.

Insider Buying and Selling

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at approximately $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock worth $94,299,521 in the last three months. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $241.79 on Friday. The firm’s fifty day simple moving average is $237.01 and its two-hundred day simple moving average is $195.08. The firm has a market capitalization of $65.01 billion, a P/E ratio of 24.85, a P/E/G ratio of 0.48 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 Ltd. has a 12-month low of $113.10 and a 12-month high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the business earned $3.85 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 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. Investors of record on Friday, December 27th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is currently 22.61%.

Wall Street Analyst Weigh In

RCL has been the topic of several research analyst reports. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein started coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price target on the stock. Tigress Financial upped their price objective on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Bank of America raised their target price on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Finally, Macquarie upped their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises presently has an average rating of “Moderate Buy” and an average target price of $246.50.

Royal Caribbean Cruises Company 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.