1,434 Shares in Royal Caribbean Cruises Ltd. (NYSE:RCL) Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. acquired a new stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,434 shares of the company’s stock, valued at approximately $331,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Royal Caribbean Cruises by 12.2% in the fourth quarter. Brighton Jones LLC now owns 1,312 shares of the company’s stock worth $303,000 after buying an additional 143 shares in the last quarter. Yeomans Consulting Group Inc. purchased a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $374,000. Avior Wealth Management LLC boosted its holdings in shares of Royal Caribbean Cruises by 77.9% during the 4th quarter. Avior Wealth Management LLC now owns 920 shares of the company’s stock worth $212,000 after purchasing an additional 403 shares during the last quarter. Raleigh Capital Management Inc. grew its position in shares of Royal Caribbean Cruises by 134.5% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,074 shares of the company’s stock valued at $248,000 after purchasing an additional 616 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in shares of Royal Caribbean Cruises by 34.9% in the fourth quarter. Mutual Advisors LLC now owns 2,715 shares of the company’s stock valued at $633,000 after purchasing an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Tigress Financial boosted their price objective on Royal Caribbean Cruises from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on shares of Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Citigroup raised their price target on shares of Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Mizuho reiterated an “outperform” rating and issued a $253.00 price objective (down from $255.00) on shares of Royal Caribbean Cruises in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $250.13.

Insider Activity at Royal Caribbean Cruises

In other news, EVP Harri U. Kulovaara sold 3,256 shares of the business’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 transaction of $763,922.72. Following the completion of the sale, the executive vice president now owns 22,348 shares in the company, valued at approximately $5,243,287.76. The trade was a 12.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $33,150,685.17. Following the completion of the sale, the director now directly owns 18,167,507 shares of the company’s stock, valued at approximately $4,321,868,240.23. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 404,332 shares of company stock worth $94,299,521. Company insiders own 7.95% of the company’s stock.

Royal Caribbean Cruises Stock Up 0.9 %

Shares of NYSE:RCL opened at $238.40 on Friday. The firm’s 50-day moving average is $237.63 and its two-hundred day moving average is $197.71. 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 1 year low of $113.10 and a 1 year high of $258.70. The firm has a market capitalization of $64.10 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 0.50 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) 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. 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 for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the prior year, the firm earned $3.85 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts predict that Royal Caribbean Cruises Ltd. will post 11.66 EPS for the current year.

Royal Caribbean Cruises Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Friday, December 27th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, December 27th. Royal Caribbean Cruises’s payout ratio is currently 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.