Royal Caribbean Cruises Ltd. (NYSE:RCL) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 25.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,648 shares of the company's stock after buying an additional 1,749 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Royal Caribbean Cruises were worth $1,995,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Essex Savings Bank purchased a new position in shares of Royal Caribbean Cruises in the 4th quarter worth approximately $207,000. Redhawk Wealth Advisors Inc. lifted its stake in shares of Royal Caribbean Cruises by 1.4% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,668 shares of the company's stock worth $2,000,000 after acquiring an additional 116 shares during the last quarter. Burney Co. bought a new stake in shares of Royal Caribbean Cruises during the 4th quarter worth approximately $241,000. Park Avenue Securities LLC lifted its stake in shares of Royal Caribbean Cruises by 20.1% during the 4th quarter. Park Avenue Securities LLC now owns 6,630 shares of the company's stock worth $1,530,000 after acquiring an additional 1,111 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Royal Caribbean Cruises by 7.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,177 shares of the company's stock worth $1,425,000 after acquiring an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company's stock.

Analyst Upgrades and Downgrades

RCL has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Morgan Stanley raised their price target on Royal Caribbean Cruises from $190.00 to $210.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 8th. Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a research note on Tuesday, November 26th. They set an "outperform" rating and a $290.00 price target for the company. StockNews.com raised Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research note on Tuesday, November 26th. Finally, Macquarie lifted their target price on Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $246.50.

Insider Buying and Selling at Royal Caribbean Cruises

In other news, Director Richard D. Fain sold 25,000 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $210.02, for a total value of $5,250,500.00. Following the completion of the transaction, the director now owns 204,521 shares of the company's stock, valued at $42,953,500.42. The trade was a 10.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Henry L. Pujol sold 6,723 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 9,964 shares of the company's stock, valued at $2,077,593.64. The trade was a 40.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 404,332 shares of company stock worth $94,299,521. 7.95% of the stock is currently owned by insiders.

Royal Caribbean Cruises Stock Up 3.6 %

Shares of RCL stock opened at $241.79 on Friday. Royal Caribbean Cruises Ltd. has a 1-year low of $113.10 and a 1-year high of $258.70. The stock's fifty day moving average price is $237.01 and its 200 day moving average price is $195.08. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company has a market cap of $65.01 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 0.48 and a beta of 2.59.

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 for the quarter, topping the consensus estimate 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 return on equity of 52.92% and a net margin of 16.21%. The firm's revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.85 EPS. On average, research 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 declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Friday, December 27th were paid a dividend of $0.55 per share. The ex-dividend date was Friday, December 27th. This represents a $2.20 annualized dividend and a yield of 0.91%. Royal Caribbean Cruises's payout ratio is presently 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.