Royal Caribbean Cruises Ltd. $RCL Shares Acquired by Integrity Alliance LLC.

Integrity Alliance LLC. increased its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 94.3% in the third quarter, HoldingsChannel reports. The firm owned 3,683 shares of the company’s stock after buying an additional 1,787 shares during the quarter. Integrity Alliance LLC.’s holdings in Royal Caribbean Cruises were worth $979,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RCL. CrossGen Wealth LLC acquired a new stake in shares of Royal Caribbean Cruises during the 3rd quarter worth about $27,000. Summit Wealth Group LLC Co. grew its holdings in shares of Royal Caribbean Cruises by 15.1% during the third quarter. Summit Wealth Group LLC Co. now owns 799 shares of the company’s stock worth $212,000 after buying an additional 105 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Royal Caribbean Cruises during the third quarter worth about $19,003,000. Profund Advisors LLC raised its position in shares of Royal Caribbean Cruises by 1.9% in the third quarter. Profund Advisors LLC now owns 3,378 shares of the company’s stock valued at $898,000 after buying an additional 64 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Royal Caribbean Cruises by 7.1% in the third quarter. ProShare Advisors LLC now owns 45,060 shares of the company’s stock valued at $11,980,000 after buying an additional 2,994 shares during the last quarter. Institutional investors and hedge funds own 87.53% of the company’s stock.

Insider Activity

In other news, Director Maritza Montiel sold 400 shares of the firm’s stock in a transaction 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 transaction, the director owned 13,202 shares of the company’s stock, valued at approximately $4,055,786.42. This trade represents a 2.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 6.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Royal Caribbean Cruises from $337.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $358.00 target price on shares of Royal Caribbean Cruises in a research note on Wednesday, October 28th. Northcoast Research lowered their target price on shares of Royal Caribbean Cruises from $368.00 to $335.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Bank of America upgraded Royal Caribbean Cruises from a “neutral” rating to a “buy” rating and set a $330.00 price target for the company in a report on Monday, September 28th. Finally, Freedom Capital lowered Royal Caribbean Cruises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Twenty-one analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Royal Caribbean Cruises currently has a consensus rating of “Moderate Buy” and an average target price of $355.62.

Royal Caribbean Cruises Trading Down 3.1%

RCL stock opened at $322.91 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.22 and a debt-to-equity ratio of 1.69. The company has a market cap of $86.37 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 1.16 and a beta of 1.88. The business has a fifty day simple moving average of $274.39 and a 200-day simple moving average of $287.59. Royal Caribbean Cruises Ltd. has a 52 week low of $222.22 and a 52 week high of $356.39.

Royal Caribbean Cruises (NYSE:RCL) last issued its earnings results on Tuesday, October 27th. The company reported $6.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.38 by $0.19. Royal Caribbean Cruises had a return on equity of 43.40% and a net margin of 23.78%. The firm had revenue of $5.59 billion for the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter last year, the firm earned $5.75 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts expect that Royal Caribbean Cruises Ltd. will post 17.94 EPS for the current year.

Royal Caribbean Cruises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were issued a $1.50 dividend. The ex-dividend date was Thursday, September 17th. This represents a $6.00 annualized dividend and a yield of 1.9%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 35.52%.

About Royal Caribbean Cruises

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.