Dynamic Advisor Solutions LLC Sells 2,174 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Dynamic Advisor Solutions LLC lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report) by 65.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,148 shares of the company’s stock after selling 2,174 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Royal Caribbean Cruises were worth $265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RCL. Park Avenue Securities LLC boosted its stake in Royal Caribbean Cruises by 20.1% in the 4th quarter. Park Avenue Securities LLC now owns 6,630 shares of the company’s stock valued at $1,530,000 after purchasing an additional 1,111 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Royal Caribbean Cruises by 76.1% in the third quarter. Sanctuary Advisors LLC now owns 28,991 shares of the company’s stock valued at $5,142,000 after acquiring an additional 12,530 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Royal Caribbean Cruises by 2.6% in the third quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after acquiring an additional 7,298 shares in the last quarter. Souders Financial Advisors acquired a new position in shares of Royal Caribbean Cruises in the third quarter valued at about $800,000. Finally, Merit Financial Group LLC increased its position in Royal Caribbean Cruises by 541.0% during the fourth quarter. Merit Financial Group LLC now owns 9,897 shares of the company’s stock worth $2,283,000 after acquiring an additional 8,353 shares during the period. Institutional investors and hedge funds own 87.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on RCL shares. JPMorgan Chase & Co. lifted their price target on shares of Royal Caribbean Cruises from $253.00 to $295.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Sanford C. Bernstein began coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They set an “outperform” rating and a $290.00 target price for the company. Bank of America increased their target price on Royal Caribbean Cruises from $210.00 to $240.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company increased their price objective on shares of Royal Caribbean Cruises from $232.00 to $272.00 and gave the stock an “overweight” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $252.31.

Read Our Latest Research Report on RCL

Insiders Place Their Bets

In related news, EVP Harri U. Kulovaara sold 3,256 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total transaction of $763,922.72. Following the transaction, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This trade represents a 12.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Arne Alexander Wilhelmsen sold 139,353 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $237.89, for a total value of $33,150,685.17. Following the completion of the transaction, the director now owns 18,167,507 shares in the company, valued at $4,321,868,240.23. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 372,609 shares of company stock worth $87,647,208. Corporate insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $264.71 on Wednesday. The firm’s fifty day moving average price is $237.87 and its two-hundred day moving average price is $199.52. The stock has a market cap of $71.17 billion, a PE ratio of 27.21, a PEG ratio of 0.50 and a beta of 2.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.16 and a current ratio of 0.19. Royal Caribbean Cruises Ltd. has a fifty-two week low of $113.10 and a fifty-two week high of $269.96.

Royal Caribbean Cruises (NYSE:RCLGet Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.13. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. During the same period last year, the firm posted $1.25 earnings per share. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current fiscal year.

Royal Caribbean Cruises Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.83%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is currently 22.61%.

Royal Caribbean Cruises Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding RCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Caribbean Cruises Ltd. (NYSE:RCLFree Report).

Institutional Ownership by Quarter for Royal Caribbean Cruises (NYSE:RCL)

Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.