Royal Caribbean Cruises Ltd. (NYSE:RCL) is Range Financial Group LLC's 5th Largest Position

Range Financial Group LLC increased its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 582.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,426 shares of the company's stock after purchasing an additional 16,581 shares during the period. Royal Caribbean Cruises accounts for 2.1% of Range Financial Group LLC's portfolio, making the stock its 5th largest holding. Range Financial Group LLC's holdings in Royal Caribbean Cruises were worth $4,481,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RCL. Plato Investment Management Ltd purchased a new position in shares of Royal Caribbean Cruises in the 3rd quarter worth approximately $26,000. Safe Harbor Fiduciary LLC purchased a new position in Royal Caribbean Cruises during the third quarter worth $27,000. DiNuzzo Private Wealth Inc. increased its position in Royal Caribbean Cruises by 257.4% during the third quarter. DiNuzzo Private Wealth Inc. now owns 168 shares of the company's stock valued at $30,000 after acquiring an additional 121 shares during the last quarter. LRI Investments LLC bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth about $31,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Royal Caribbean Cruises by 50.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 233 shares of the company's stock worth $37,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 87.53% of the company's stock.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded down $3.30 during trading hours on Tuesday, reaching $225.11. The stock had a trading volume of 1,783,817 shares, compared to its average volume of 1,873,803. Royal Caribbean Cruises Ltd. has a twelve month low of $113.10 and a twelve month high of $258.70. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $60.53 billion, a PE ratio of 23.14, a PEG ratio of 0.65 and a beta of 2.59. The stock's 50 day moving average is $234.54 and its 200 day moving average is $192.14.

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

Royal Caribbean Cruises Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Friday, December 27th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, December 27th. Royal Caribbean Cruises's payout ratio is 22.61%.

Analysts Set New Price Targets

A number of research firms recently issued reports on RCL. Truist Financial boosted their price objective on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a "buy" rating in a report on Monday, December 2nd. StockNews.com raised shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Stifel Nicolaus raised their target price on shares of Royal Caribbean Cruises from $250.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. 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. Finally, Wells Fargo & Company increased their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises currently has an average rating of "Moderate Buy" and a consensus target price of $239.75.

Insiders Place Their Bets

In other news, CAO Henry L. Pujol sold 6,723 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total value of $1,401,812.73. Following the completion of the sale, the chief accounting officer now directly owns 9,964 shares in the company, valued at $2,077,593.64. This represents a 40.29 % 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 230,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $233.62, for a total value of $53,732,600.00. Following the transaction, the director now owns 18,556,860 shares in the company, valued at approximately $4,335,253,633.20. The trade was a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 404,332 shares of company stock worth $94,299,521. Corporate insiders own 7.95% of the company's stock.

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.