40,072 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Bought by World Investment Advisors LLC

World Investment Advisors LLC acquired a new position in Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 40,072 shares of the company's stock, valued at approximately $7,107,000.

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

Insider Transactions at Royal Caribbean Cruises

In other news, CAO Henry L. Pujol sold 6,723 shares of the company's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $208.51, for a total transaction of $1,401,812.73. Following the transaction, the chief accounting officer now directly owns 9,964 shares of the company's stock, valued at $2,077,593.64. This represents a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction dated 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 completion of the sale, the director now owns 18,556,860 shares of the company's stock, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 404,332 shares of company stock worth $94,299,521. Corporate insiders own 7.95% of the company's stock.

Royal Caribbean Cruises Stock Up 0.5 %

RCL stock traded up $1.13 on Friday, reaching $245.28. 507,384 shares of the company traded hands, compared to its average volume of 2,320,294. The firm has a fifty day simple moving average of $221.05 and a 200-day simple moving average of $181.23. The company has a market cap of $65.95 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 0.65 and a beta of 2.59. Royal Caribbean Cruises Ltd. has a one year low of $113.10 and a one year high of $258.70. 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 (NYSE:RCL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $5.20 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.15. The firm had revenue of $4.89 billion during 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 company's revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $3.85 earnings per share. Research analysts anticipate that Royal Caribbean Cruises Ltd. will post 11.65 earnings per share for the current year.

Royal Caribbean Cruises Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Friday, December 27th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $2.20 annualized dividend and a dividend yield of 0.90%. Royal Caribbean Cruises's dividend payout ratio is presently 22.61%.

Wall Street Analyst Weigh In

RCL has been the subject of several recent analyst reports. Citigroup upped their price objective on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the company a "buy" rating in a research note on Wednesday. Stifel Nicolaus upped their price target on Royal Caribbean Cruises from $250.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, December 6th. Sanford C. Bernstein initiated coverage on Royal Caribbean Cruises in a research report on Tuesday, November 26th. They issued an "outperform" rating and a $290.00 price objective on the stock. Truist Financial upped their target price on Royal Caribbean Cruises from $204.00 to $272.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Finally, Macquarie lifted their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $239.75.

About Royal Caribbean Cruises

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.