Venture Visionary Partners LLC Boosts Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Venture Visionary Partners LLC grew its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,366 shares of the company’s stock after purchasing an additional 62 shares during the quarter. Venture Visionary Partners LLC’s holdings in Royal Caribbean Cruises were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC boosted its position in shares of Royal Caribbean Cruises by 20.7% in the 1st quarter. Park Avenue Securities LLC now owns 6,742 shares of the company’s stock valued at $937,000 after purchasing an additional 1,157 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of Royal Caribbean Cruises by 12.8% during the first 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 last quarter. Richardson Capital Management LLC acquired a new position in shares of Royal Caribbean Cruises in the 1st quarter valued at $42,000. SteelPeak Wealth LLC purchased a new stake in Royal Caribbean Cruises in the 1st quarter valued at $701,000. Finally, Kowal Investment Group LLC boosted its stake in Royal Caribbean Cruises by 4.0% during the 1st 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. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Insider Activity at Royal Caribbean Cruises

In other news, CFO Naftali Holtz purchased 5,350 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the purchase, the chief financial officer now directly owns 48,256 shares of the company’s stock, valued at approximately $6,755,840. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now directly owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Naftali Holtz acquired 5,350 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $140.00 per share, with a total value of $749,000.00. Following the purchase, the chief financial officer now owns 48,256 shares in the company, valued at approximately $6,755,840. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.95% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RCL. The Goldman Sachs Group upped their target price on shares of Royal Caribbean Cruises from $170.00 to $195.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. increased their price target on Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Mizuho boosted their price objective on shares of Royal Caribbean Cruises from $168.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Truist Financial raised their target price on shares of Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Tigress Financial increased their price target on shares of Royal Caribbean Cruises from $155.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and a consensus price target of $197.27.

Royal Caribbean Cruises Stock Performance

NYSE:RCL opened at $201.14 on Thursday. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $204.37. The company has a market capitalization of $51.76 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 0.57 and a beta of 2.61. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 3.20. The firm has a 50-day moving average price of $174.69 and a two-hundred day moving average price of $158.15.

Royal Caribbean Cruises (NYSE:RCL) last posted its earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the prior year, the company earned $1.82 EPS. Royal Caribbean Cruises’s revenue was up 16.4% on a year-over-year basis. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.6 earnings per share for the current fiscal year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a — dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 20th were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 20th. Royal Caribbean Cruises’s dividend payout ratio is presently 17.45%.

Royal Caribbean Cruises 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.