Sanctuary Advisors LLC Boosts Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

Sanctuary Advisors LLC boosted its position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 76.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,991 shares of the company's stock after acquiring an additional 12,530 shares during the period. Sanctuary Advisors LLC's holdings in Royal Caribbean Cruises were worth $5,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Anchor Investment Management LLC grew its stake in shares of Royal Caribbean Cruises by 175.0% in the third quarter. Anchor Investment Management LLC now owns 319 shares of the company's stock worth $57,000 after acquiring an additional 203 shares during the period. SOA Wealth Advisors LLC. boosted its holdings in shares of Royal Caribbean Cruises by 33.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 300 shares of the company's stock worth $53,000 after purchasing an additional 75 shares during the period. Virtue Capital Management LLC purchased a new stake in shares of Royal Caribbean Cruises in the third quarter worth approximately $210,000. Coldstream Capital Management Inc. raised its stake in shares of Royal Caribbean Cruises by 9.5% during the third quarter. Coldstream Capital Management Inc. now owns 5,796 shares of the company's stock valued at $1,053,000 after acquiring an additional 505 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its position in Royal Caribbean Cruises by 2.3% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 591,552 shares of the company's stock valued at $104,918,000 after purchasing an additional 13,520 shares during the period. Hedge funds and other institutional investors own 87.53% of the company's stock.

Insider Activity at Royal Caribbean Cruises

In related news, Director Arne Alexander Wilhelmsen sold 139,353 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $237.89, for a total transaction of $33,150,685.17. Following the completion of the sale, the director now owns 18,167,507 shares of the company's stock, valued at approximately $4,321,868,240.23. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Harri U. Kulovaara sold 3,256 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $234.62, for a total value of $763,922.72. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 404,332 shares of company stock worth $94,299,521 in the last three months. Company insiders own 7.95% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on RCL. JPMorgan Chase & Co. lifted their price target on Royal Caribbean Cruises from $213.00 to $243.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Macquarie upped their target price on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a "buy" rating in a report on Friday, December 6th. Finally, StockNews.com upgraded shares of Royal Caribbean Cruises from a "sell" rating to a "hold" rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $239.75.

Royal Caribbean Cruises Price Performance

Shares of Royal Caribbean Cruises stock traded down $2.17 during trading on Monday, reaching $243.00. 2,007,429 shares of the stock traded hands, compared to its average volume of 2,324,961. The business has a fifty day simple moving average of $222.37 and a two-hundred day simple moving average of $182.37. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 52-week low of $113.10 and a 52-week high of $258.70. The company has a market capitalization of $65.34 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 0.65 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last issued 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. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the firm earned $3.85 earnings per share. The business's revenue was up 17.5% on a year-over-year basis. Sell-side analysts expect that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Friday, December 27th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.20 dividend on an annualized basis and a yield of 0.91%. Royal Caribbean Cruises's dividend payout ratio is presently 16.44%.

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.