Royal Caribbean Cruises Ltd. $RCL Stock: Diversified Trust Co Boosts Stake

Diversified Trust Co raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 19.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,480 shares of the company’s stock after purchasing an additional 3,882 shares during the period. Diversified Trust Co’s holdings in Royal Caribbean Cruises were worth $6,242,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Moors & Cabot Inc. lifted its position in Royal Caribbean Cruises by 6.9% during the 3rd quarter. Moors & Cabot Inc. now owns 5,453 shares of the company’s stock valued at $1,450,000 after acquiring an additional 352 shares during the period. Valmark Advisers Inc. grew its holdings in Royal Caribbean Cruises by 2.5% in the third quarter. Valmark Advisers Inc. now owns 1,324 shares of the company’s stock worth $352,000 after purchasing an additional 32 shares during the period. Allworth Financial LP grew its holdings in Royal Caribbean Cruises by 4.7% in the third quarter. Allworth Financial LP now owns 5,602 shares of the company’s stock worth $1,489,000 after purchasing an additional 249 shares during the period. Fisher Asset Management LLC grew its holdings in Royal Caribbean Cruises by 20.9% in the third quarter. Fisher Asset Management LLC now owns 2,567 shares of the company’s stock worth $683,000 after purchasing an additional 444 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Royal Caribbean Cruises by 48.8% in the third quarter. Russell Investments Group Ltd. now owns 351,959 shares of the company’s stock worth $93,491,000 after purchasing an additional 115,369 shares during the period. Institutional investors own 87.53% of the company’s stock.

Trending Headlines about Royal Caribbean Cruises

Here are a few of the latest headlines about RCL:

• Positive Sentiment: Zacks highlighted RCL as a strong growth stock, which may attract investors seeking companies with growth characteristics. The article’s excerpt does not provide specific forecasts or new company results. Article: Here’s Why Royal Caribbean (RCL) is a Strong Growth Stock
• Neutral Sentiment: Royal Caribbean held a naming ceremony for its new Legend of the Seas ship. The event reinforces the company’s fleet and vacation offering, but the announcement provides no new financial or booking details. Article: Royal Caribbean Celebrates Legend of the Seas in Veterans Day Naming Ceremony
• Neutral Sentiment: A separate analyst roundup discusses Royal Caribbean, but the provided headline and excerpt contain no specific rating, forecast, or recommendation to assess. Article: Analysts Offer Insights on Consumer Cyclical Companies

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Wilhelmsen sold 35,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $325.50, for a total value of $11,392,500.00. Following the sale, the director owned 15,524,236 shares of the company’s stock, valued at $5,053,138,818. The trade was a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Maritza Montiel sold 400 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $307.21, for a total value of $122,884.00. Following the sale, the director directly owned 13,202 shares in the company, valued at $4,055,786.42. This trade represents a 2.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 912,074 shares of company stock valued at $304,196,365 over the last 90 days. 6.44% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $355.00 price target (down from $380.00) on shares of Royal Caribbean Cruises in a research report on Wednesday, September 23rd. Wells Fargo & Company upped their price target on Royal Caribbean Cruises from $358.00 to $361.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Northcoast Research reduced their price objective on Royal Caribbean Cruises from $368.00 to $335.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Truist Financial raised their price objective on Royal Caribbean Cruises from $297.00 to $298.00 and gave the company a “hold” rating in a research report on Thursday, September 24th. Finally, Deutsche Bank upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and lifted their price objective for the company from $299.00 to $330.00 in a research note on Monday, September 28th. Twenty-one analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $358.88.

Royal Caribbean Cruises Trading Up 0.4%

Shares of NYSE:RCL opened at $323.36 on Friday. The stock has a market capitalization of $86.49 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.12 and a beta of 1.88. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.19 and a current ratio of 0.22. The stock’s 50-day simple moving average is $281.51 and its two-hundred day simple moving average is $289.00. Royal Caribbean Cruises Ltd. has a 52-week low of $222.22 and a 52-week high of $356.39.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, October 27th. The company reported $6.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.38 by $0.19. Royal Caribbean Cruises had a return on equity of 43.40% and a net margin of 23.78%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the company posted $5.75 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. Analysts expect that Royal Caribbean Cruises Ltd. will post 17.94 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were issued a $1.50 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 1.9%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 35.52%.

Royal Caribbean Cruises Company Profile

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences. The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.