Win Advisors Inc. Buys Shares of 4,696 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Win Advisors Inc. bought a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,696 shares of the company’s stock, valued at approximately $1,083,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RCL. International Assets Investment Management LLC boosted its position in shares of Royal Caribbean Cruises by 10,599.0% in the third quarter. International Assets Investment Management LLC now owns 409,879 shares of the company’s stock worth $72,696,000 after purchasing an additional 406,048 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Royal Caribbean Cruises by 138.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 161,835 shares of the company’s stock worth $28,703,000 after acquiring an additional 93,899 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Royal Caribbean Cruises during the third quarter worth $14,544,000. Dakota Wealth Management boosted its position in shares of Royal Caribbean Cruises by 3,935.2% during the third quarter. Dakota Wealth Management now owns 76,871 shares of the company’s stock worth $13,635,000 after acquiring an additional 74,966 shares during the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of Royal Caribbean Cruises by 372.6% during the third quarter. Mizuho Securities USA LLC now owns 86,259 shares of the company’s stock worth $15,299,000 after acquiring an additional 68,008 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Up 1.2 %

Shares of RCL opened at $263.87 on Wednesday. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $277.08. The company has a market cap of $70.95 billion, a P/E ratio of 24.68, a P/E/G ratio of 0.98 and a beta of 2.59. The company has a current ratio of 0.17, a quick ratio of 0.15 and a debt-to-equity ratio of 2.39. The company’s fifty day simple moving average is $240.77 and its 200-day simple moving average is $203.04.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.63 EPS for the quarter, topping 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 period in the prior year, the firm posted $1.25 EPS. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Friday, December 27th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio is presently 20.58%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares in the company, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the 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 transaction, the director now owns 18,167,507 shares in the company, 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 have sold 372,609 shares of company stock valued at $87,647,208 in the last 90 days. Company insiders own 7.95% of the company’s stock.

Analyst Ratings Changes

RCL has been the subject of a number of research reports. The Goldman Sachs Group dropped their target price on shares of Royal Caribbean Cruises from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Argus upped their target price on shares of Royal Caribbean Cruises from $280.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein assumed coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price for the company. Citigroup upped their price target on shares of Royal Caribbean Cruises from $283.00 to $304.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Macquarie upped their price target 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. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $280.59.

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.