Royal Caribbean Cruises Ltd. (NYSE:RCL) Holdings Lifted by Avantax Advisory Services Inc.

Key Points

• Avantax Advisory Services Inc. increased its holdings in Royal Caribbean Cruises Ltd. by 6.2%, acquiring an additional 822 shares, bringing its total shares to 14,184 and valued at approximately $2.9 million as of its latest filing.
• Royal Caribbean Cruises recently reported an EPS of $4.38 for the quarter, surpassing analysts' estimates, and a year-over-year revenue increase of 10.4%.
• After announcing a quarterly dividend of $0.75 per share, Royal Caribbean's dividend yield is 0.90%, with an annualized dividend payout of $3.00.

Avantax Advisory Services Inc. lifted its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL - Free Report) by 6.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,184 shares of the company's stock after acquiring an additional 822 shares during the quarter. Avantax Advisory Services Inc.'s holdings in Royal Caribbean Cruises were worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Advisor OS LLC lifted its holdings in shares of Royal Caribbean Cruises by 22.2% during the 1st quarter. Advisor OS LLC now owns 1,509 shares of the company's stock valued at $310,000 after acquiring an additional 274 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in shares of Royal Caribbean Cruises by 2.4% during the 1st quarter. Kovack Advisors Inc. now owns 2,516 shares of the company's stock valued at $517,000 after acquiring an additional 60 shares in the last quarter. Dorsey Wright & Associates lifted its holdings in Royal Caribbean Cruises by 4.7% in the 1st quarter. Dorsey Wright & Associates now owns 19,162 shares of the company's stock worth $3,937,000 after buying an additional 865 shares in the last quarter. Noesis Capital Mangement Corp boosted its position in Royal Caribbean Cruises by 1.0% in the 1st quarter. Noesis Capital Mangement Corp now owns 79,234 shares of the company's stock valued at $16,278,000 after buying an additional 772 shares during the last quarter. Finally, AE Wealth Management LLC boosted its position in Royal Caribbean Cruises by 23.6% in the 1st quarter. AE Wealth Management LLC now owns 7,564 shares of the company's stock valued at $1,554,000 after buying an additional 1,444 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company's stock.

Insider Buying and Selling at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 19,600 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $253.10, for a total value of $4,960,760.00. Following the completion of the transaction, the director owned 165,421 shares in the company, valued at approximately $41,868,055.10. This represents a 10.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Stock Performance

Shares of NYSE:RCL traded down $6.14 during trading on Friday, reaching $311.73. 564,323 shares of the company's stock traded hands, compared to its average volume of 2,566,949. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.23 and a quick ratio of 0.15. Royal Caribbean Cruises Ltd. has a 12 month low of $130.08 and a 12 month high of $355.91. The company has a 50 day moving average of $301.16 and a 200-day moving average of $253.21. The stock has a market capitalization of $84.65 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 0.93 and a beta of 2.17.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $4.38 earnings per share for the quarter, beating analysts' consensus estimates of $4.04 by $0.34. Royal Caribbean Cruises had a net margin of 20.97% and a return on equity of 47.15%. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts expect that Royal Caribbean Cruises Ltd. will post 14.9 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 4th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.0%. Royal Caribbean Cruises's dividend payout ratio is presently 22.49%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RCL. Sanford C. Bernstein upped their price objective on shares of Royal Caribbean Cruises from $290.00 to $360.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. William Blair restated an "outperform" rating on shares of Royal Caribbean Cruises in a report on Wednesday, July 23rd. UBS Group set a $311.00 price objective on Royal Caribbean Cruises and gave the stock a "buy" rating in a report on Tuesday, May 20th. Barclays lifted their price objective on Royal Caribbean Cruises from $263.00 to $358.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Finally, Stifel Nicolaus lifted their price objective on Royal Caribbean Cruises from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Royal Caribbean Cruises presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.10.

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.