American Trust Invests $204,000 in Royal Caribbean Cruises Ltd. (NYSE:RCL)

American Trust purchased a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,152 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds have also added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Royal Caribbean Cruises in the third quarter valued at about $109,000. World Investment Advisors LLC bought a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth about $7,107,000. Sanctuary Advisors LLC grew its stake in Royal Caribbean Cruises by 76.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company’s stock valued at $5,142,000 after buying an additional 12,530 shares during the last quarter. Anchor Investment Management LLC raised its holdings in Royal Caribbean Cruises by 175.0% in the 3rd quarter. Anchor Investment Management LLC now owns 319 shares of the company’s stock valued at $57,000 after acquiring an additional 203 shares during the period. Finally, SOA Wealth Advisors LLC. lifted its position in Royal Caribbean Cruises by 33.3% during the third quarter. SOA Wealth Advisors LLC. now owns 300 shares of the company’s stock worth $53,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL opened at $245.17 on Friday. Royal Caribbean Cruises Ltd. has a 1 year low of $113.10 and a 1 year high of $258.70. The stock has a market capitalization of $65.92 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company’s 50 day simple moving average is $222.37 and its 200 day simple moving average is $182.13.

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, beating 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 company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the company posted $3.85 EPS. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. As a group, research analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Friday, December 27th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.90%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 22.61%.

Insider Activity at Royal Caribbean Cruises

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the firm’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 transaction of $53,732,600.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders have sold 404,332 shares of company stock valued at $94,299,521. 7.95% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on RCL shares. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Tigress Financial boosted their price target on Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Citigroup increased their price objective on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein began coverage on shares of Royal Caribbean Cruises in a research report on Tuesday, November 26th. They issued an “outperform” rating and a $290.00 target price for the company. Finally, Macquarie raised 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 assigned a buy rating to the company. According to MarketBeat.com, Royal Caribbean Cruises has an average rating of “Moderate Buy” and an average price target of $239.75.

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.