Darwin Wealth Management LLC Purchases Shares of 1,781 Royal Caribbean Cruises Ltd. (NYSE:RCL)

Darwin Wealth Management LLC purchased a new stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,781 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RCL. BKM Wealth Management LLC acquired a new position in Royal Caribbean Cruises in the 4th quarter worth approximately $26,000. Turtle Creek Wealth Advisors LLC purchased a new position in Royal Caribbean Cruises in the 4th quarter valued at $33,000. Hanseatic Management Services Inc. purchased a new position in Royal Caribbean Cruises in the 3rd quarter valued at $36,000. West Branch Capital LLC lifted its holdings in Royal Caribbean Cruises by 50.0% in the 4th quarter. West Branch Capital LLC now owns 300 shares of the company’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Royal Caribbean Cruises by 367.2% in the 4th quarter. Blue Trust Inc. now owns 313 shares of the company’s stock valued at $41,000 after purchasing an additional 246 shares in the last quarter. 87.53% of the stock is owned by hedge funds and other institutional investors.

Royal Caribbean Cruises Stock Up 0.1 %

Shares of RCL stock traded up $0.09 during trading hours on Thursday, reaching $141.77. 1,195,760 shares of the stock were exchanged, compared to its average volume of 2,741,571. The business’s fifty day moving average is $133.54 and its two-hundred day moving average is $120.74. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.19 and a quick ratio of 0.16. Royal Caribbean Cruises Ltd. has a 12-month low of $73.93 and a 12-month high of $143.93. The firm has a market capitalization of $36.48 billion, a P/E ratio of 18.27, a P/E/G ratio of 0.41 and a beta of 2.49.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Thursday, April 25th. The company reported $1.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.44. Royal Caribbean Cruises had a net margin of 14.28% and a return on equity of 51.54%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm earned ($0.23) earnings per share. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. As a group, research analysts expect that Royal Caribbean Cruises Ltd. will post 11.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Royal Caribbean Cruises news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $141.23, for a total value of $1,404,391.12. Following the transaction, the chief accounting officer now directly owns 16,687 shares in the company, valued at $2,356,705.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Henry L. Pujol sold 9,944 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $141.23, for a total value of $1,404,391.12. Following the completion of the sale, the chief accounting officer now directly owns 16,687 shares of the company’s stock, valued at $2,356,705.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason T. Liberty sold 50,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $139.63, for a total value of $6,981,500.00. Following the sale, the chief executive officer now directly owns 153,017 shares of the company’s stock, valued at $21,365,763.71. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,697 shares of company stock worth $9,749,357. Company insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RCL shares. Susquehanna raised their price objective on Royal Caribbean Cruises from $150.00 to $160.00 and gave the company a “positive” rating in a report on Friday, April 26th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Royal Caribbean Cruises in a research report on Monday, April 1st. Macquarie upped their target price on shares of Royal Caribbean Cruises from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Bank of America upped their target price on shares of Royal Caribbean Cruises from $135.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company upped their target price on shares of Royal Caribbean Cruises from $153.00 to $159.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $146.13.

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.