McAdam LLC Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

McAdam LLC purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,157 shares of the company’s stock, valued at approximately $267,000.

Several other institutional investors have also added to or reduced their stakes in RCL. Plato Investment Management Ltd purchased a new position in Royal Caribbean Cruises during the third quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new stake in Royal Caribbean Cruises during the third quarter worth about $27,000. DiNuzzo Private Wealth Inc. increased its stake in shares of Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 121 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Royal Caribbean Cruises during the third quarter valued at approximately $31,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $40,000. 87.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, 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 transaction of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were 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. The trade was a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,609 shares of company stock valued at $87,647,208. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Trading Down 2.1 %

Royal Caribbean Cruises stock opened at $260.98 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $277.08. The firm has a market capitalization of $70.17 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 0.98 and a beta of 2.59. The firm has a 50 day moving average of $240.36 and a 200 day moving average of $202.36.

Royal Caribbean Cruises (NYSE:RCL) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 17.46% and a return on equity of 48.97%. During the same quarter in the prior year, the business posted $1.25 EPS. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 14.96 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 20.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price objective for the company. Macquarie raised their price objective on shares of Royal Caribbean Cruises from $250.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Citigroup upped their target price on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Bank of America boosted their price objective on shares of Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus lifted their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $275.13.

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.