Aaron Wealth Advisors LLC Buys 125 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Aaron Wealth Advisors LLC increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,111 shares of the company’s stock after acquiring an additional 125 shares during the period. Aaron Wealth Advisors LLC’s holdings in Royal Caribbean Cruises were worth $487,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Plato Investment Management Ltd bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth approximately $26,000. Safe Harbor Fiduciary LLC acquired a new position in Royal Caribbean Cruises during the third quarter worth $27,000. DiNuzzo Private Wealth Inc. raised its position in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after acquiring an additional 121 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Royal Caribbean Cruises in the fourth quarter valued at $40,000. Finally, LRI Investments LLC bought a new position in shares of Royal Caribbean Cruises in the 3rd quarter valued at about $31,000. 87.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the sale, the director now owns 18,556,860 shares of the company’s stock, valued at approximately $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the transaction, the chief accounting officer now directly owns 9,964 shares of the company’s stock, valued at $2,077,593.64. This trade represents a 40.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,332 shares of company stock valued at $94,299,521 over the last quarter. 7.95% of the stock is owned by company insiders.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $241.79 on Monday. The firm has a 50-day moving average price of $237.34 and a two-hundred day moving average price of $195.94. Royal Caribbean Cruises Ltd. has a 12-month low of $113.10 and a 12-month high of $258.70. The company 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 quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.85 earnings per share. Analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share 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 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 22.61%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Macquarie raised their price objective on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. 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 research note on Friday, December 6th. Morgan Stanley increased their price target on Royal Caribbean Cruises from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 8th. Finally, Citigroup lifted their price objective on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Three investment 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, the stock currently has an average rating of “Moderate Buy” and an average price target 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.