Royal Caribbean Cruises Ltd. $RCL Stock: Noesis Capital Mangement Corp Boosts Holdings

Noesis Capital Mangement Corp lifted its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 3.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 83,782 shares of the company’s stock after acquiring an additional 3,030 shares during the period. Royal Caribbean Cruises comprises 2.6% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 14th largest position. Noesis Capital Mangement Corp’s holdings in Royal Caribbean Cruises were worth $22,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its stake in Royal Caribbean Cruises by 8.1% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,856 shares of the company’s stock valued at $493,000 after purchasing an additional 139 shares during the last quarter. Leeward Investments LLC MA grew its stake in shares of Royal Caribbean Cruises by 49.3% during the third quarter. Leeward Investments LLC MA now owns 28,786 shares of the company’s stock worth $7,653,000 after buying an additional 9,501 shares during the last quarter. Code Waechter LLC grew its stake in shares of Royal Caribbean Cruises by 81.7% during the third quarter. Code Waechter LLC now owns 1,912 shares of the company’s stock worth $508,000 after buying an additional 860 shares during the last quarter. Robeco Schweiz AG bought a new stake in shares of Royal Caribbean Cruises during the third quarter worth $2,243,000. Finally, Simplicity Wealth LLC increased its holdings in shares of Royal Caribbean Cruises by 7.0% during the third quarter. Simplicity Wealth LLC now owns 2,807 shares of the company’s stock worth $746,000 after buying an additional 183 shares in the last quarter. 87.53% of the stock is owned by institutional investors.

Royal Caribbean Cruises Stock Up 1.7%

Shares of RCL opened at $281.15 on Tuesday. The company has a market capitalization of $75.19 billion, a PE ratio of 17.38, a PEG ratio of 0.97 and a beta of 1.82. Royal Caribbean Cruises Ltd. has a 12 month low of $222.22 and a 12 month high of $356.39. The stock’s 50-day moving average price is $272.01 and its two-hundred day moving average price is $286.88. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings results on Tuesday, July 28th. The company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $3.98 by $0.23. The firm had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.82 billion. Royal Caribbean Cruises had a return on equity of 43.33% and a net margin of 23.54%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.38 EPS. On average, analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.78 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 17th. Royal Caribbean Cruises’s payout ratio is currently 37.08%.

Insider Buying and Selling

In related news, CEO Michael Bayley sold 12,811 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $315.99, for a total value of $4,048,147.89. Following the sale, the chief executive officer directly owned 45,297 shares in the company, valued at $14,313,399.03. This represents a 22.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Stifel Nicolaus boosted their price target on Royal Caribbean Cruises from $410.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Argus raised their price objective on shares of Royal Caribbean Cruises from $330.00 to $375.00 in a report on Tuesday, July 28th. Wells Fargo & Company cut their target price on shares of Royal Caribbean Cruises from $388.00 to $358.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Sanford C. Bernstein reissued an “outperform” rating and set a $355.00 target price (down from $380.00) on shares of Royal Caribbean Cruises in a report on Wednesday, September 23rd. Finally, Jefferies Financial Group upgraded shares of Royal Caribbean Cruises from a “hold” rating to a “buy” rating and upped their price target for the company from $305.00 to $330.00 in a research report on Thursday, October 8th. Twenty investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $350.50.

Royal Caribbean Cruises Profile

Royal Caribbean Cruises Ltd., doing business as Royal Caribbean Group (NYSE: RCL), is a global cruise company that operates vacation cruises and related travel experiences. Its fleet visits destinations across the Caribbean, Europe, Alaska, Asia, Australia, and other regions, with itineraries that typically include onboard entertainment, dining, accommodations, recreational activities, and shore excursions.

The company’s principal brands include Royal Caribbean International, Celebrity Cruises, and Silversea Cruises.