Northwestern Mutual Wealth Management Co. Sells 250 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Northwestern Mutual Wealth Management Co. lessened its stake in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,784 shares of the company’s stock after selling 250 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Royal Caribbean Cruises were worth $1,560,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its holdings in Royal Caribbean Cruises by 0.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 164,160 shares of the company’s stock worth $21,257,000 after acquiring an additional 878 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Royal Caribbean Cruises by 2.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 8,632 shares of the company’s stock worth $1,118,000 after purchasing an additional 173 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Royal Caribbean Cruises by 16.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,515 shares of the company’s stock valued at $1,361,000 after purchasing an additional 1,470 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in Royal Caribbean Cruises during the 4th quarter valued at $3,434,000. Finally, American International Group Inc. raised its holdings in Royal Caribbean Cruises by 3.6% during the fourth quarter. American International Group Inc. now owns 65,234 shares of the company’s stock worth $8,447,000 after buying an additional 2,255 shares during the last quarter. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Royal Caribbean Cruises Stock Up 3.6 %

RCL opened at $179.44 on Friday. Royal Caribbean Cruises Ltd. has a twelve month low of $78.35 and a twelve month high of $184.41. The company’s 50-day moving average price is $162.97 and its two-hundred day moving average price is $152.79. The stock has a market cap of $46.18 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 0.50 and a beta of 2.61. 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 (NYSE:RCL) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.76 by $0.45. Royal Caribbean Cruises had a return on equity of 52.49% and a net margin of 16.32%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. Royal Caribbean Cruises’s revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities analysts expect that Royal Caribbean Cruises Ltd. will post 11.63 earnings per share for the current year.

Royal Caribbean Cruises Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 20th. Royal Caribbean Cruises’s payout ratio is 20.62%.

Insider Buying and Selling

In other Royal Caribbean Cruises news, insider Laura H. Bethge sold 3,073 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $168.71, for a total transaction of $518,445.83. Following the sale, the insider now directly owns 27,388 shares of the company’s stock, valued at $4,620,629.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Laura H. Bethge sold 3,073 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $168.71, for a total value of $518,445.83. Following the sale, the insider now owns 27,388 shares of the company’s stock, valued at $4,620,629.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Naftali Holtz acquired 5,350 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average cost of $140.00 per share, with a total value of $749,000.00. Following the completion of the acquisition, the chief financial officer now owns 48,256 shares in the company, valued at $6,755,840. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 7.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RCL shares. UBS Group lifted their price objective on shares of Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded Royal Caribbean Cruises from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Morgan Stanley boosted their price objective on Royal Caribbean Cruises from $140.00 to $154.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Tigress Financial lifted their target price 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, The Goldman Sachs Group upped their price target on Royal Caribbean Cruises from $170.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $184.13.

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.