Stratos Wealth Advisors LLC Buys 207 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Stratos Wealth Advisors LLC raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 9.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,317 shares of the company’s stock after acquiring an additional 207 shares during the period. Stratos Wealth Advisors LLC’s holdings in Royal Caribbean Cruises were worth $535,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of RCL. Plato Investment Management Ltd purchased a new stake in shares of Royal Caribbean Cruises in the third quarter valued at about $26,000. Safe Harbor Fiduciary LLC purchased a new stake in Royal Caribbean Cruises in the 3rd quarter valued at about $27,000. Bay Harbor Wealth Management LLC bought a new position in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $36,000. DiNuzzo Private Wealth Inc. lifted its position in shares of Royal Caribbean Cruises by 257.4% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company’s stock worth $30,000 after buying an additional 121 shares in the last quarter. Finally, ORG Wealth Partners LLC purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $40,000. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Trading Down 2.2 %

Shares of RCL opened at $264.39 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $277.08. The stock has a market cap of $71.09 billion, a PE ratio of 24.73, a P/E/G ratio of 0.98 and a beta of 2.59. The company has a quick ratio of 0.15, a current ratio of 0.17 and a debt-to-equity ratio of 2.39. The business’s 50-day moving average price is $242.24 and its 200-day moving average price is $204.62.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Tuesday, January 28th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $1.25 EPS. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 14.96 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

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

Analyst Upgrades and Downgrades

RCL has been the topic of a number of recent analyst reports. Tigress Financial lifted their price target on Royal Caribbean Cruises from $270.00 to $330.00 and gave the stock a “buy” rating in a report on Friday. 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 shares of Royal Caribbean Cruises from $210.00 to $225.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Finally, UBS Group raised their price target on shares of Royal Caribbean Cruises from $271.00 to $301.00 and gave the stock a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.12.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, EVP Harri U. Kulovaara sold 3,256 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 18,167,507 shares in the company, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 372,609 shares of company stock valued at $87,647,208 over the last 90 days. 7.95% of the stock is owned by insiders.

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.