Resonant Capital Advisors LLC Acquires Shares of 1,109 Royal Caribbean Cruises Ltd. $RCL

Resonant Capital Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,109 shares of the company’s stock, valued at approximately $348,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. bought a new position in Royal Caribbean Cruises during the first quarter valued at $25,000. Hughes Financial Services LLC bought a new position in Royal Caribbean Cruises during the first quarter valued at $26,000. Opal Wealth Advisors LLC bought a new position in shares of Royal Caribbean Cruises in the second quarter worth $27,000. Optimum Investment Advisors purchased a new position in shares of Royal Caribbean Cruises in the first quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Royal Caribbean Cruises during the 2nd quarter valued at $31,000. 87.53% of the stock is owned by institutional investors.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 10,300 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the sale, the director owned 16,407 shares in the company, valued at $5,414,966.28. This trade represents a 38.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Henry L. Pujol sold 5,207 shares of Royal Caribbean Cruises stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $329.47, for a total value of $1,715,550.29. Following the sale, the chief accounting officer directly owned 7,826 shares of the company’s stock, valued at approximately $2,578,432.22. This trade represents a 39.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,507 shares of company stock valued at $10,091,282. Company insiders own 6.95% of the company’s stock.

Royal Caribbean Cruises Price Performance

NYSE:RCL opened at $319.84 on Tuesday. The firm has a market capitalization of $86.88 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 0.95 and a beta of 2.08. Royal Caribbean Cruises Ltd. has a 52-week low of $164.01 and a 52-week high of $366.50. The stock has a fifty day moving average of $329.34 and a 200 day moving average of $294.51. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.21 and a current ratio of 0.23.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.04 by $0.34. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.54 billion. Royal Caribbean Cruises had a return on equity of 47.15% and a net margin of 20.97%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $3.21 earnings per share. On average, research analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current fiscal year.

Royal Caribbean Cruises Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Investors of record on Thursday, September 25th were paid a dividend of $1.00 per share. This is a positive change from Royal Caribbean Cruises’s previous quarterly dividend of $0.75. This represents a $4.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, September 25th. Royal Caribbean Cruises’s dividend payout ratio is 29.99%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Royal Caribbean Cruises from $302.00 to $367.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Susquehanna reissued a “positive” rating and set a $385.00 price objective (up previously from $275.00) on shares of Royal Caribbean Cruises in a report on Wednesday, July 30th. Barclays increased their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Mizuho dropped their price objective on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Finally, Jefferies Financial Group increased their price objective on Royal Caribbean Cruises from $235.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $332.14.

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.