Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its position in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 15.6% during the second quarter, HoldingsChannel reports. The firm owned 40,940 shares of the company’s stock after purchasing an additional 5,539 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Royal Caribbean Cruises were worth $6,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RCL. Scarborough Advisors LLC acquired a new stake in shares of Royal Caribbean Cruises in the fourth quarter valued at about $26,000. Unique Wealth Strategies LLC purchased a new stake in Royal Caribbean Cruises during the 2nd quarter valued at about $27,000. Creekmur Asset Management LLC acquired a new stake in Royal Caribbean Cruises in the 4th quarter valued at about $30,000. Versant Capital Management Inc lifted its stake in Royal Caribbean Cruises by 905.3% in the 2nd quarter. Versant Capital Management Inc now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 172 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its holdings in shares of Royal Caribbean Cruises by 233.3% during the 2nd quarter. AlphaMark Advisors LLC now owns 200 shares of the company’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Analysts Set New Price Targets

RCL has been the subject of several recent research reports. Tigress Financial increased their price target on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Bank of America raised their target price on Royal Caribbean Cruises from $145.00 to $172.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. UBS Group boosted their price target on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. StockNews.com cut shares of Royal Caribbean Cruises from a “hold” rating to a “sell” rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $182.31.

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 bought at an average cost of $140.00 per share, for a total transaction of $749,000.00. Following the acquisition, the chief financial officer now directly owns 48,256 shares in the company, valued at $6,755,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Vagn O. Sorensen sold 5,800 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total transaction of $919,300.00. Following the completion of the transaction, the director now directly owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Naftali Holtz acquired 5,350 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price 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 in the company, valued at approximately $6,755,840. The disclosure for this purchase can be found here. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 1.4 %

Shares of NYSE RCL opened at $173.99 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. The business’s 50 day moving average is $160.46 and its two-hundred day moving average is $149.22. Royal Caribbean Cruises Ltd. has a 52-week low of $78.35 and a 52-week high of $174.48. The firm has a market cap of $44.78 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 0.49 and a beta of 2.61.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. Research analysts predict that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 20th.

Royal Caribbean Cruises Company 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.