Wealthcare Advisory Partners LLC Has $927,000 Stock Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Wealthcare Advisory Partners LLC grew its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 12.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,666 shares of the company’s stock after buying an additional 759 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Royal Caribbean Cruises were worth $927,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RCL. West Branch Capital LLC boosted its stake in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the period. Toth Financial Advisory Corp boosted its stake in Royal Caribbean Cruises by 24.6% in the 4th quarter. Toth Financial Advisory Corp now owns 506 shares of the company’s stock worth $66,000 after purchasing an additional 100 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Royal Caribbean Cruises by 11.6% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,026 shares of the company’s stock worth $143,000 after purchasing an additional 107 shares during the period. Ballentine Partners LLC boosted its stake in Royal Caribbean Cruises by 2.7% in the 1st quarter. Ballentine Partners LLC now owns 4,304 shares of the company’s stock worth $598,000 after purchasing an additional 115 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of Royal Caribbean Cruises by 2.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 4,510 shares of the company’s stock worth $584,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Down 0.5 %

Royal Caribbean Cruises stock opened at $159.48 on Friday. The stock has a market cap of $41.04 billion, a P/E ratio of 20.55, a P/E/G ratio of 0.48 and a beta of 2.56. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 3.54. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $162.50. The company’s 50-day moving average price is $147.39 and its two-hundred day moving average price is $133.58.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business posted ($0.23) EPS. The business’s revenue was up 29.2% compared to the same quarter last year. As a group, analysts expect that Royal Caribbean Cruises Ltd. will post 11.1 EPS for the current year.

Wall Street Analysts Forecast Growth

RCL has been the subject of a number of recent research reports. Argus increased their price objective on shares of Royal Caribbean Cruises from $161.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $159.00 to $165.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. The Goldman Sachs Group restated a “buy” rating on shares of Royal Caribbean Cruises in a research note on Monday, April 1st. Bank of America increased their price objective on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Royal Caribbean Cruises from $173.00 to $175.00 and gave the stock an “overweight” rating in a research note on Monday, June 24th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.13.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Royal Caribbean Cruises news, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $139.63, for a total transaction of $6,981,500.00. Following the transaction, the chief executive officer now owns 153,017 shares in the company, valued at approximately $21,365,763.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard D. Fain sold 19,584 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $153.96, for a total transaction of $3,015,152.64. Following the sale, the director now owns 179,117 shares in the company, valued at approximately $27,576,853.32. The disclosure for this sale can be found here. Insiders have sold a total of 152,884 shares of company stock worth $22,052,985 in the last quarter. Corporate insiders own 7.95% of the company’s stock.

About Royal Caribbean Cruises

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.