Royal Caribbean Cruises Ltd. (NYSE:RCL) Stock Holdings Boosted by Range Financial Group LLC

Range Financial Group LLC grew its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 582.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,426 shares of the company’s stock after purchasing an additional 16,581 shares during the quarter. Royal Caribbean Cruises comprises 2.1% of Range Financial Group LLC’s portfolio, making the stock its 5th biggest holding. Range Financial Group LLC’s holdings in Royal Caribbean Cruises were worth $4,481,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 76.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company’s stock worth $5,142,000 after buying an additional 12,530 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Royal Caribbean Cruises by 2.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock worth $51,349,000 after buying an additional 7,298 shares during the last quarter. Souders Financial Advisors bought a new stake in Royal Caribbean Cruises in the 3rd quarter valued at about $800,000. Swiss National Bank raised its stake 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 acquiring an additional 3,800 shares during the period. Finally, New Wave Wealth Advisors LLC bought a new stake in Royal Caribbean Cruises in the 2nd quarter valued at about $611,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Price Performance

RCL traded down $3.30 during midday trading on Tuesday, hitting $225.11. The stock had a trading volume of 1,781,437 shares, compared to its average volume of 1,873,729. The company has a market cap of $60.53 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The business has a fifty day moving average of $234.24 and a 200 day moving average of $191.62. 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 Ltd. has a 1 year low of $113.10 and a 1 year high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.15. The firm had revenue of $4.89 billion during 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 business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.85 earnings per share. As a group, equities analysts forecast 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 will be paid on Monday, January 13th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 22.61%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RCL shares. Barclays boosted their price objective on Royal Caribbean Cruises from $245.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Citigroup boosted their price objective on Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein assumed coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 price target on the stock. Finally, Tigress Financial upped their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $239.75.

Insider Activity

In related news, Director Richard D. Fain sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was 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 owns 204,521 shares in the company, valued at $42,953,500.42. This represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is currently owned by company insiders.

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.