WealthTrust Asset Management LLC Decreases Holdings in Royal Caribbean Cruises Ltd. (NYSE:RCL)

WealthTrust Asset Management LLC reduced its stake in Royal Caribbean Cruises Ltd. (NYSE:RCL) by 5.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 9,242 shares of the company’s stock after selling 517 shares during the quarter. Royal Caribbean Cruises accounts for approximately 1.1% of WealthTrust Asset Management LLC’s portfolio, making the stock its 22nd largest holding. WealthTrust Asset Management LLC’s holdings in Royal Caribbean Cruises were worth $1,473,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in Royal Caribbean Cruises by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 46,653 shares of the company’s stock valued at $6,041,000 after purchasing an additional 527 shares during the period. Franklin Resources Inc. grew its stake in shares of Royal Caribbean Cruises by 12.0% during the 4th quarter. Franklin Resources Inc. now owns 166,632 shares of the company’s stock worth $21,577,000 after acquiring an additional 17,815 shares during the period. Ontario Teachers Pension Plan Board increased its holdings in Royal Caribbean Cruises by 11.5% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 8,323 shares of the company’s stock worth $1,078,000 after acquiring an additional 860 shares during the last quarter. US Bancorp DE raised its stake in Royal Caribbean Cruises by 11.7% in the 4th quarter. US Bancorp DE now owns 14,929 shares of the company’s stock valued at $1,933,000 after acquiring an additional 1,562 shares during the period. Finally, Team Hewins LLC purchased a new stake in Royal Caribbean Cruises during the fourth quarter valued at about $467,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Stock Performance

NYSE RCL opened at $171.61 on Friday. The firm has a market cap of $44.16 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 0.49 and a beta of 2.61. The company has a 50-day simple moving average of $160.31 and a two-hundred day simple moving average of $148.88. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 3.20. Royal Caribbean Cruises Ltd. has a 12-month low of $78.35 and a 12-month high of $173.40.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.45. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.05 billion. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $1.82 EPS. On average, equities analysts forecast that Royal Caribbean Cruises Ltd. will post 11.65 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The company also recently announced a — dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 20th.

Insider Activity at Royal Caribbean Cruises

In other Royal Caribbean Cruises news, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $158.50, for a total value of $919,300.00. Following the sale, the director now owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $168.71, for a total transaction of $518,445.83. Following the completion of the transaction, the insider now owns 27,388 shares in the company, valued at $4,620,629.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Vagn O. Sorensen sold 5,800 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $158.50, for a total value of $919,300.00. Following the completion of the sale, the director now directly owns 25,837 shares of the company’s stock, valued at approximately $4,095,164.50. The disclosure for this sale can be found here. 7.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RCL. JPMorgan Chase & Co. boosted their price target on shares of Royal Caribbean Cruises from $210.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus boosted their target price on shares of Royal Caribbean Cruises from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, July 19th. Susquehanna increased their target price on Royal Caribbean Cruises from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Tuesday, July 30th. Tigress Financial lifted their price target on Royal Caribbean Cruises from $155.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Citigroup increased their price objective on Royal Caribbean Cruises from $165.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $182.31.

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.