Royal Caribbean Cruises Ltd. $RCL Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,121 shares of the company’s stock after buying an additional 1,564 shares during the quarter. Kestra Advisory Services LLC’s holdings in Royal Caribbean Cruises were worth $5,615,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Platform Technology Partners increased its position in shares of Royal Caribbean Cruises by 42.1% during the 3rd quarter. Platform Technology Partners now owns 1,395 shares of the company’s stock valued at $371,000 after purchasing an additional 413 shares during the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Royal Caribbean Cruises in the 3rd quarter worth about $11,740,000. Third View Private Wealth LLC purchased a new position in shares of Royal Caribbean Cruises during the 3rd quarter worth about $219,000. Provenance Wealth Advisors LLC raised its position in Royal Caribbean Cruises by 20,527.3% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,269 shares of the company’s stock worth $603,000 after purchasing an additional 2,258 shares during the period. Finally, Lyell Wealth Management LP boosted its position in shares of Royal Caribbean Cruises by 16.4% during the third quarter. Lyell Wealth Management LP now owns 2,235 shares of the company’s stock valued at $594,000 after buying an additional 315 shares during the period. 87.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RCL shares. UBS Group reiterated a “buy” rating on shares of Royal Caribbean Cruises in a report on Wednesday. Freedom Capital cut shares of Royal Caribbean Cruises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Susquehanna raised their target price on shares of Royal Caribbean Cruises from $355.00 to $360.00 and gave the stock a “positive” rating in a research report on Wednesday, October 28th. Deutsche Bank raised Royal Caribbean Cruises from a “hold” rating to a “buy” rating and increased their price objective for the stock from $299.00 to $330.00 in a research note on Monday, September 28th. Finally, Bank of America set a $365.00 target price on Royal Caribbean Cruises and gave the company a “buy” rating in a research report on Thursday. Twenty-one analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $358.88.

Royal Caribbean Cruises Price Performance

NYSE RCL opened at $322.48 on Friday. Royal Caribbean Cruises Ltd. has a 12-month low of $222.22 and a 12-month high of $356.39. The firm’s fifty day simple moving average is $280.34 and its two-hundred day simple moving average is $288.84. The company has a current ratio of 0.22, a quick ratio of 0.19 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $86.25 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.17 and a beta of 1.88.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $6.57 earnings per share for the quarter, topping the consensus estimate of $6.38 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.61 billion. Royal Caribbean Cruises had a return on equity of 43.40% and a net margin of 23.78%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $5.75 earnings per share. Analysts forecast that Royal Caribbean Cruises Ltd. will post 17.94 EPS for the current fiscal year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $6.00 dividend on an annualized basis and a yield of 1.9%. Royal Caribbean Cruises’s payout ratio is currently 35.52%.

Insider Transactions at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Arne Wilhelmsen sold 168,530 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $338.98, for a total transaction of $57,128,299.40. Following the sale, the director owned 15,709,236 shares in the company, valued at approximately $5,325,116,819.28. The trade was a 1.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maritza Montiel sold 400 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $307.21, for a total value of $122,884.00. Following the completion of the sale, the director owned 13,202 shares in the company, valued at approximately $4,055,786.42. This represents a 2.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 727,074 shares of company stock valued at $242,087,365. 6.44% of the stock is currently owned by insiders.

Royal Caribbean Cruises Profile

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences. The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.