Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,314 shares of the company’s stock after selling 1,058 shares during the period. Sequoia Financial Advisors LLC’s holdings in Royal Caribbean Cruises were worth $3,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RCL. Park Avenue Securities LLC grew its holdings in Royal Caribbean Cruises by 20.7% in the 1st quarter. Park Avenue Securities LLC now owns 6,742 shares of the company’s stock worth $937,000 after buying an additional 1,157 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in Royal Caribbean Cruises by 12.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,666 shares of the company’s stock worth $927,000 after acquiring an additional 759 shares during the period. Richardson Capital Management LLC bought a new position in shares of Royal Caribbean Cruises in the first quarter worth $42,000. SteelPeak Wealth LLC bought a new stake in shares of Royal Caribbean Cruises during the first quarter valued at about $701,000. Finally, Kowal Investment Group LLC lifted its holdings in Royal Caribbean Cruises by 4.0% in the first quarter. Kowal Investment Group LLC now owns 2,286 shares of the company’s stock worth $318,000 after purchasing an additional 87 shares during the period. Institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the sale, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the purchase, the chief financial officer now owns 48,256 shares of the company’s stock, valued at $6,755,840. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the transaction, the insider now directly owns 27,388 shares in the company, valued at approximately $4,620,629.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.95% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RCL has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. StockNews.com raised Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Stifel Nicolaus upped their target price on Royal Caribbean Cruises from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, October 11th. Mizuho lifted their price target on Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Morgan Stanley upped their price objective on Royal Caribbean Cruises from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and an average price target of $197.27.

Royal Caribbean Cruises Stock Performance

Shares of RCL opened at $201.14 on Thursday. The company has a 50-day moving average of $174.69 and a two-hundred day moving average of $158.15. The stock has a market cap of $51.76 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 0.57 and a beta of 2.61. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.19 and a quick ratio of 0.17. Royal Caribbean Cruises Ltd. has a one year low of $78.35 and a one year high of $204.37.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a net margin of 16.32% and a return on equity of 52.49%. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period in the previous year, the company posted $1.82 EPS. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current year.

Royal Caribbean Cruises Announces Dividend

The firm also recently declared a — dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 20th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is 17.45%.

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.