Summit Trail Advisors LLC Buys 100 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Summit Trail Advisors LLC raised its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,046 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Summit Trail Advisors LLC’s holdings in Royal Caribbean Cruises were worth $326,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Capital International Investors raised its holdings in Royal Caribbean Cruises by 1.0% in the 1st quarter. Capital International Investors now owns 29,596,455 shares of the company’s stock valued at $4,114,203,000 after acquiring an additional 286,868 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Royal Caribbean Cruises by 0.5% during the first quarter. Vanguard Group Inc. now owns 25,409,272 shares of the company’s stock valued at $3,532,143,000 after purchasing an additional 132,079 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Royal Caribbean Cruises by 24.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,048,501 shares of the company’s stock valued at $326,616,000 after purchasing an additional 400,565 shares in the last quarter. Eagle Asset Management Inc. bought a new position in Royal Caribbean Cruises in the fourth quarter worth $79,392,000. Finally, Capital International Inc. CA boosted its stake in Royal Caribbean Cruises by 3.3% during the first quarter. Capital International Inc. CA now owns 601,917 shares of the company’s stock worth $83,672,000 after buying an additional 19,065 shares in the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

RCL has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Macquarie upped their price objective on Royal Caribbean Cruises from $165.00 to $189.00 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. Truist Financial raised their target price on Royal Caribbean Cruises from $151.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Barclays upped their price target on Royal Caribbean Cruises from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Citigroup lifted their price objective on Royal Caribbean Cruises from $165.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.31.

Royal Caribbean Cruises Trading Up 1.1 %

Shares of NYSE RCL opened at $175.96 on Tuesday. Royal Caribbean Cruises Ltd. has a fifty-two week low of $78.35 and a fifty-two week high of $176.13. The firm has a market capitalization of $45.28 billion, a P/E ratio of 22.68, a P/E/G ratio of 0.49 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. The company’s 50 day simple moving average is $160.63 and its 200 day simple moving average is $149.90.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period last year, the company earned $1.82 EPS. The firm’s revenue was up 16.4% on a year-over-year basis. On average, analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is 20.62%.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, CFO Naftali Holtz bought 5,350 shares of Royal Caribbean Cruises stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Royal Caribbean Cruises news, CFO Naftali Holtz purchased 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $140.00 per share, with a total value of $749,000.00. Following the completion of the transaction, the chief financial officer now directly owns 48,256 shares in the company, valued at approximately $6,755,840. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Laura H. Bethge sold 3,073 shares of the business’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 value of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The disclosure for this sale can be found here. 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.