Friedenthal Financial Takes Position in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Friedenthal Financial purchased a new position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 3,338 shares of the company's stock, valued at approximately $770,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Plato Investment Management Ltd bought a new position in Royal Caribbean Cruises during the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC bought a new position in shares of Royal Caribbean Cruises during the 3rd quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its stake in shares of Royal Caribbean Cruises by 257.4% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock valued at $30,000 after purchasing an additional 121 shares during the last quarter. LRI Investments LLC bought a new stake in Royal Caribbean Cruises in the third quarter worth $31,000. Finally, Meeder Asset Management Inc. increased its position in Royal Caribbean Cruises by 50.3% during the second quarter. Meeder Asset Management Inc. now owns 233 shares of the company's stock worth $37,000 after buying an additional 78 shares during the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the sale, the director now directly owns 18,556,860 shares of the company's stock, valued at approximately $4,335,253,633.20. This represents a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Harri U. Kulovaara sold 3,256 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the transaction, the executive vice president now directly owns 22,348 shares in the company, valued at $5,243,287.76. The trade was a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 404,332 shares of company stock worth $94,299,521. Company insiders own 7.95% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial boosted their price target on Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Tigress Financial boosted their target price on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their price target on Royal Caribbean Cruises from $245.00 to $275.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. StockNews.com upgraded shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th. Finally, Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $243.25.

Royal Caribbean Cruises Stock Performance

Shares of RCL stock traded down $0.02 during mid-day trading on Monday, reaching $226.93. The stock had a trading volume of 1,877,491 shares, compared to its average volume of 2,003,168. The firm has a market cap of $61.02 billion, a PE ratio of 23.32, a P/E/G ratio of 0.65 and a beta of 2.59. The company has a quick ratio of 0.16, a current ratio of 0.19 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70. The firm's 50 day simple moving average is $236.27 and its 200 day simple moving average is $194.05.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, topping analysts' consensus estimates of $5.05 by $0.15. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The business's revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.85 earnings per share. On average, analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, December 27th. Royal Caribbean Cruises's payout ratio is 22.61%.

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.